Former ICG CLO portfolio manager takes on CIO role at MeDirect
The former co-head of European leveraged loans at Intermediate Capital Group, Michael Curtis, has resurfaced at MeDirect (formerly known as Mediterranean Bank)

Texas pension fund ups commitment to CQS opportunities fund
The $29.7 million pension fund mandated $50 million to CQS Directional Opportunities Feeder Fund on 1 June

Leveraged finance veteran leaves Mizuho in London after 22 years
The head of international acquisition finance at Mizuho, Paul Carman, has left the bank to bring to an end a 22-year affiliation with Mizuho

JP Morgan AM strengthens fixed income team with several new appointments
Karine Mercado, Rohan Duggal and Claire Cullen join the investment team at JP Morgan Asset Management  

London pension funds pick CQS as first manager for new credit fund of fund
London Collective Investment Vehicle (London CIV), a fund for London pension funds, has announced the launch of its first fixed income offering – LCIV MAC fund

Ashurst promotes five debt specialists to partner
Global law firm Ashurst has announced the promotion of 24 to partnership - including Kerion Ball, James Knight, Laura Ho, Tara Waters and Caroline Smart

Stamford Associates' head of fixed income joins European credit manager
The head of fixed income at Stamford Associates, Timothy Smith, has moved to the buy side

LGIM chief executive officer Zinkula steps down
Legal & General Invesment’s (LGIM) chief executive officer Mark Zinkula will step down from his position in August this year following his retirement

Spire moves into CLO investing with new credit fund
European corporate credit specialist Spire Partners has raised roughly €100 million for a multi-strategy fund that will have the ability to invest in CLOs

Hermes launches £185 million unconstrained credit fund
London-based Hermes Investment Management has launched a new Ucits-compliant unconstrained credit fund - which will include pricing ESG risks

Credit Agricole hires head of US credit trading and head of ABS syndicate
Credit Agricole has strengthened its US credit platform by hiring Anatoly Nakum as head of credit trading for the Americas, and Beth Starr as head of ABS syndicate for the same region

Direct lending growth challenges loan administrators, finds private credit survey
Nine out of 10 private credit managers face challenges when administering loans, according to an Alternative Credit Council report

HSBC asset management unit raises $800 million for global multi-manager loan fund
As a multi-manager fund,  the new vehicle aims to offer the benefits of fund-of-funds - diversification - but with a management fee comparable to a single manager 

BlueBay hires former Henderson credit head
Fixed income specialist BlueBay Asset Management has appointed former Henderson credit head Stephen Thariyan to a newly created role of co-head of developed markets

Tages holds $203 million first close for hedge fund seeding strategy
The new closed-end vehicle will focus on providing seeding and acceleration capital to emerging hedge fund managers

CVC hires credit sourcing specialist as managing director
 CVC Credit has hired Josefa Llinares as managing director, responsible for sourcing credit opportunities across the platform

LGIM gets go-ahead to shift fund operations to Dublin
Legal & General Investment Management has got the go ahead from Irish regulator Central Bank of Ireland to move its fund’s base to Ireland

Neptune hires former Axa IM global fixed income head Zemek
London-based Neptune Investment Management has hired the former global head of fixed income at Axa Investment Managers Theodora Zemek

Destra and BlueBay team up to launch credit interval fund
Destra has become the latest manager to launch an interval fund - Destra International & Event-Driven Credit Fund - which will focus on two strategies: multi-strategy international credit  and event driven credit. 

Invesco hires former Schroders PM to fixed income team
Invesco has appointed former Schroder’s Tom Sartain as senior portfolio manager within its fixed income team

Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

UK funds brace themselves against value-for-money ruling
The UK’s Financial Conduct Authority (FCA) has published its final set of fund governance rules that aim to strengthen the duty of authorised fund managers to their investors.

Ex-Barclays EMEA leveraged finance head takes top role at Natixis
The former head of EMEA leveraged finance at Barclays has joined Natixis as head of investment banking for the Americas

Fulcrum launches new multi-strat fund with daily liquidity
Fulcrum Asset Management has launched TM Fulcrum Diversified Liquid Alternatives Fund, which will invest across real assets, alternative credit and diversifiers

Investcorp names new co-CEO
Alterative investment manager Investcorp has announced that Hazem Ben-Gacem will become co-chief executive officer, joining current co-CEO Rishi Kapoor