Managers offer solutions for underfunded pensions
Credit managers are tapping UK defined benefit pensions that are battling negative cashflows

Past returns: Having a whale of a time in tranches
In Creditflux 10 years ago we reported on JP Morgan’s “little known prop book” making waves in index tranches

They said it: "The board announces the discovery of a website purporting to represent Volta"
They said it 

Equity tranche longs fall out of favour as spreads tighten and dispersion picks up after uniform moves
Dispersion is picking up after relatively uniform moves in credit in the early part of 2021. CDS index equity tranches had outperformed for much of this year but spreads have gapped out a touch in the past few weeks

Fund performance: CLO funds outperform as two hit over 100% 12-months return
CLO funds swatted away the competition in April on their way to dominating our top 10 credit hedge fund return table after an upbeat month

Credit hedge funds (June 2021)
Credit hedge fund returns

Ucits at a glance: Altana sits atop tables as credit bounces back
Ucits funds picked up in April as 79% made positive returns

Credit funds at a glance (June 2021)
A round up of fundraising and people moves in credit

Schroders and Oaktree launch global credit ucits fund
Schroders has partnered with Oaktree Capital Management to launch a global multi-strategy credit fund, Schroder GAIA Oaktree Credit fund, which will sit within Schroders' alternatives ucits platform

DWS and Tikehau target UK pensions with multi-strategy credit fund
The new fund will invest in CLOs, ABS, private debt, leveraged loans, infrastructure debt and real estate debt

Prytania and Scio strike partnership with UK SME lender
SME Capital has formed a funding partnership with London-based fund managers Prytania Asset Management and Scio Capital

Fairwater eyes tranches and options as prospects ‘multiply’
Fairwater Capital is looking to capitalise on rising credit volatility by crafting a strategy that makes full use of the growing number of products in the credit derivatives industry

Fund performance: Lightning strikes twice as range of credit funds deliver
What seemed like a chance occurrence in February has struck again in March, as seven categories make our top 10 best performing hedge funds

Credit hedge funds (May 2021)
Credit hedge fund returns

Ucits at a glance: Altana moves into pole position
March marked a drop in pace for Ucits funds as only 62% of funds made positive returns, compared to 80% in February

Credit funds at a glance (May 2021)
A round up of fundraising and people moves in credit 

CSOs and index tranches reach sticking point as correlation gets rich
Credit correlation trading looks to have reached a point of inflexion, as the previous bull run at the lower end of index capital stacks has given way to caution over how much further spread compression can go. At the same time, bespoke tranche business is gaining interest but equity remains stickier to sell at the market's ultra-low spread and volatility levels

Permira's credit CIO Kyriakoudis to retire by end of year
Permira Credit’s former chief investment officer Thomas Kyriakoudis will retire from the firm at the end of the year to pursue entrepreneurial opportunities

Carlyle senior credit investor joins fintech firm as CFO
An experienced credit investment professional at the Carlyle Group has moved to become chief financial officer at fintech company NoviCap

BlueBay confirms hire in structured credit and CLO management team
The new appointment will focus on investing in US and European structured credit securities across the capital structure

Credit Rendezvous: ready and waiting
In Creditflux's quarterly review of credit, portfolio managers tell us that Inflation is likely to nudge higher but they are optimistic because dispersion will pick up and windows of volatility will emerge, rather than elongated phases of stress 

Senior structured credit portfolio manager tipped to join BlueBay in London
BlueBay Asset Management is close to filling a gap on its structured credit portfolio management team

Permira promotes five in credit team to MD including head of structured credit
Permira Debt Managers has promoted five members of its credit team to managing directors