Cheyne hires former BlueBay official Robertson to lead new credit unit
Cheyne is targeting below investment grade credit and has hired the former global head of leveraged finance at BlueBay to lead a newly-assembled team of three

New credit fund manager Caius posts 20%-plus returns for 2017
Recently launched credit fund manager Caius Capital has put in spectacular returns so far in 2017, according to investor sources

Bain adds almost €1 billion of Iberian non-performing loans to its AUM
Bain Capital Credit has announced that it has bought its first portfolio of non-performing loans in Portugal as well as making its ninth such acquisition from a Spanish bank

20-year Citi veteran earns promotion to head of European credit trading
Citi’s global head of distressed debt has been promoted to head of credit trading for Europe, the middle east and Africa, officials at the bank have confirmed

Hayfin raises €2.2 billion for special opportunities strategy
Hayfin Capital Management yesterday announced that it has completed fundraising for its new special opportunities strategy

Up-and-coming distressed debt manager plans its second fund
A west coast manager led by a group of former Barclays officials is launching its second global distressed debt fund

JP Morgan Asset Management hires distressed credit trading duo
Two JP Morgan distressed credit specialists who left a year ago for a rumoured move to the buy side have turned up on the buy side – back at JP Morgan

Avenue loses another key European credit portfolio manager
An experienced credit PM has left Avenue to join a $2.3 billion fund manager in a new role

Sound Point targets Italian mid market for special situations fund
Sound Point Capital Management is understood to be targeting between $200 million and $300 million for a new European credit hedge fund

Distressed specialist parts company with Oak Hill
Market sources say that a distressed debt specialist has left Oak Hill Advisors in London just months after the firm held the final close on a new $2.7 billion fund

West coast pension fund boosts its allocation to Halcyon’s credit business
A major west coast pension allocator to credit has moved to increase its allocation to Halcyon Capital Management after separate account generated 35% return in 2016

Popular shortlists Apollo, Oaktree, BAML and Bain for rapid NPL sale
Spain’s Banco Popular is in talks with Apollo, Oaktree, Bank of America Merrill Lynch and Bain Capital about selling a portfolio of non-performing loans, according to Spanish newspaper Expansión

BNP Paribas moves quickly to restaff London high yield trading business
BNP Paribas has moved quickly to restaff its European high yield trading desk, making two new senior hires for the business last week

Senior distressed specialist leaves GSO after fund closure
Shortly after shutting down its distressed debt fund, GSO Capital Partners is understood to have parted company with a senior managing director and key figure in its distressed business

BNP Paribas combines high yield and distressed trading in Europe 
French bank loses two high yield specialists as it combines desks in London 

Oaktree brings in distressed debt specialist from US lender
Distressed debt specialist leaves bank for buy-side role in London

Värde closes latest fund at $1.7 billion
Credit manager Värde Partners has raised $1.74 billion for its latest fund, Värde Fund XII

Distressed debt firm Strategic Value Partners hires loan originator
Distressed loan specialist manager brings in loans sales head from Spanish bank in London

European loan specialist leaves sell side to join Black Diamond
Black Diamond Capital Management has added a European loan specialist to its team in London