Credit Suisse reports annual loss - but insists it's on the mend
Credit Suisse has reported an annual loss for 2017 – posting a full year net loss attribute to shareholders of CHF983 million ($1.05 billion) in its earnings release today

Joint offering from Allfunds and INTL FCStone targets institutional investors
New York-based financial services firm INTL FCStone Financial has entered into an agreement offshore mutual fund distribution platform Allfunds Bank, which offers access to more than 57,000 funds

Investec AM announces leadership succession plan
Investec Asset Management has announced its leadership succession plans following the retirement of Investec Group's chief executive officer and managing director

Axa IM launches lower-cost share class for £1 billion distribution fund
Axa Investment Managers has launched a lower-cost share class for its £1 billion ($1.45 billion) Axa Lifetime Distribution Fund, the fifth fund in Axa’s distribution range

GSAM poaches AB’s Ashish Shah as global corporate credit head
Goldman Sachs Asset Management's fixed income team has hired Ashish Shah as partner and head of global corporate credit, according to an internal memo seen by Creditflux

Ex-BlackRock fixed income pair launch cryptocurrency fund
A pair of former BlackRock bond specialists are launching a London-based cryptocurrency hedge fund known as Prime Factor Capital

HSBC poaches L&G's Faucher as passive fixed income head
HSBC Global Asset Management has hired former Legal & General’s Sebastien Faucher as passive fixed income head

UK lender Goji teams with Prestige to launch renewables lending bond
Marketplace lender Goji has partnered with direct lender Prestige to launch an ISA-eligible "renewables lending bond"

Makuria brings in over $900 million for special situations-focused credit fund
London-based Makuria Investment Management has received $918 million in capital commitment for its credit fund, according to market sources

Ironshield guards against future stress in Europe
The withdrawal of quantitative easing in Europe, coupled with rising interest rates, could lead to increased volatility and improved credit selection opportunities, especially among low-grade credits

European manager launches global credit fund
London-headquartered Mirabaud Asset Management yesterday launched a new Global Diversified Credit Fund, further committing to its fixed income strategy.

High yield portfolio manager returns to Allianz GI after leaving Amundi
Sébastien Ploton has rejoined Allianz Global Investors as a high yield portfolio manager - two years after leaving the firm

Al Gore and David Blood's Generation to drop credit strategy
London-based Generation Investment Management, cofounded by former US Vice president Al Gore and Goldman Sach’s David Blood, has decided to drop its global credit strategy and invest solely in equities

Pioneer marketing veteran moves to Fidelity after 16 years
Fidelity International has announced the appointment of Hugh Prendergast as 'global head of product', in what is understood to be a marketing role

Ropes & Gray announces 33 promotions including finance and hedge fund professionals
Law firm Ropes & Gray has promoted 33 lawyers to counsel of the firm, with the attorneys representing a range of practice groups including finance, investment management, hedge funds and private investment funds

JP Morgan AM launches new multi-asset investment trust
A manager's best mate is its fund: JP Morgan AM launches Multi-Asset Trust (Mate)

ICG announces new marketing hire
Intermediate Capital Group (ICG) has appointed a former Neuberger Berman institutional sales professional to head up marketing across parts of Europe

KKR opens Frankfurt office
The global investment firm has announced the opening of a new office in Frankfurt, Germany, in a bid to further strengthen its presence in Europe

Chenavari raises $120 million in a year for multi-strategy credit vehicle
Chenavari Investment Managers has raised almost $120 million in a year for its Cayman Islands-incorporated Chenavari Multi-Strategy Credit Fund, regulatory filings suggest

Brokerage Exotix appoints global head of fixed income
London-based Exotix Capital has appointed Dean Tyler as global head of fixed income

Muzinich debuts European total return credit strategy
Muzinich & Co has launched a new European-focused total return credit strategy that will have the ability to express both long and short views on credit

Oak Hill appoints sole head of European credit as ex-partner takes on new role
One of Oak Hill Advisors’ most senior staffers has stepped into a senior advisory role

Morgan Stanley's fixed income sales dramatically dip in Q4 earnings report
Morgan Stanley's sales and trading net revenues took a dip in 2017, with fixed income net revenues in particular down 31% compared to 2016 figures

Candriam hires executive officer for Switzerland
Pan-European multi-specialist asset manager Candriam Investors Group, owned by New York Life Management, has appointed Jog Allenspach as executive officer Switzerland