Credit hedge funds (April 2022)
Credit hedge fund returns

Credit funds at a glance (April 2022)
A round up of fundraising and people moves in credit  

Ucits at a glance: Long-short funds provide resistance in tough month
In February, Ucits funds followed market sentiment as 90% made negative returns

CLO funds post first negative month since outbreak of covid
Funds that invest in CLOs took a hammering in February, underperforming all parts of the credit market in the immediate aftermath of Russia’s invasion of Ukraine

CLO investor Lakemore names European business development head
US CLO equity investor Lakemore Partners has hired a managing director and head of business development Europe

LP round up: Fidelity wins big, Pacific retains loan mandate, pensions eye distressed
The month also included one CLO fund commitment, one high yield manager search, one finalised US loans mandate and one $400 million multi-sector fixed income managed account mandate

Spac pricing hints at Sound Point's growth ambitions in loan market
Sound Point Acquisition Corp has priced a $225 million IPO, signalling that credit asset manager Sound Point Capital Management is looking to expand its platform

Ucits at a glance: 2022 opens shakily but with a familiar lead
Ucits funds moved slowly into 2022 as 59% made negative returns in January

Fund performance: Groundhog Day as 2021 leaders start strong
CLO funds once again claim the most top performing spots as seven out of 10 funds belong to the category

Credit hedge funds (March 2022)
Credit hedge fund returns

Credit funds at a glance (March 2022)
A round up of fundraising and people moves in credit

CLOs outperform yet again despite tough month for credit
CLOs can do no wrong it seems, and funds that invest in them topped Creditflux’s credit hedge fund rankings once again in January

BlueBay opens Madrid office with sales director relocating to lead team
BlueBay's new office will be located within parent company Royal Bank of Canada’s Madrid office

Credit hedge funds (February 2022)
Credit hedge fund returns

Credit funds at a glance (February 2022)
A round up of fundraising and people moves in credit

Not so distressed any more for table-topping hedge funds
Following a raft of global fiscal support programmes over the past couple of years, it would seem likely that distressed debt funds have struggled to find opportunities

Fund performance: Wasserstein's early 2021 performance drives it to the top
The final top 10 of 2021 featured a variety of funds as five different strategies were ranked among the best. US high yield was the most highly represented with two BlackRock funds and an Angel Oak in the top 10

Ucits at a glance: Robus claims top spot in 2021 after tight race
Ucits funds have ended 2021 on a high as 62% made positive returns in December

NEPC adds CLO specialist to research team in Boston
The ex-Gapstow official will focus on public and liquid strategies in NEPC's credit and multi-asset group

Credit Rendezvous: the upside of inflation
It is clear, inflation is not transitory and central banks are acting with several interest rate hikes likely in store for the US this year. That makes loans and CLO debt tranches attractive, but there could be opportunities beyond these floating rate assets

KKR and PGIM among bidders to buy Alcentra: Bloomberg
BNY Mellon is set to offload its credit investment unit Alcentra, according to a report by Bloomberg citing people familiar with the matter

Gapstow expects strategic deals as credit manager M&A volume slumps to $120 billion
M&A volume involving credit asset managers dropped last year with total target value assets under management slumping to $120 billion from $149 billion in 2020 (and $254 billion in 2019), according to Gapstow Capital Partners

Fund performance: CLO funds deliver again, but third of all funds post losses
CLO funds took six of the top 10 spots in October in a continuation of the previous month’s strong performances. However, a consistent showing from Wasserstein in the US high yield category has claimed the top spot for the last two months

Credit hedge funds (January 2022)
Credit hedge fund returns