Cairn Capital hires portfolio manager for CLO investments
Cairn Capital has hired a portfolio manager with sell-side and ratings agency experience to be responsible for CLO tranche investments

Oaktree makes push into CLO investing with new European fund
Oaktree Capital Management is putting together a new European fund to invest in CLOs

Partners Group private debt assets hit €15.36 billion
Partners Group, the Swiss alternatives manager, secured €5 billion of new private debt commitments in 2018, propelling the firm’s private debt assets under management to €15.36bn

Mayer Brown adds CLO partner in London
Law firm Mayer Brown has appointed a CLO specialist as partner in its London office

Head of European private debt Bone earns promotion at Partners
Partners Group’s head of private debt in Europe, Christopher Bone, has been promoted to partner as one of 10 senior-level promotions announced by the firm

Muzinich aims to take granular portfolio tactic across Europe
Muzinich has put together what it describes as a “direct lending 2.0” strategy, which it anticipates will serve as a solution to the constraints faced by middle market lenders in Europe. The firm launched the Italian version of the strategy in November via its Italian subsidiary Springrowth SGR and is looking to create follow-ups in other European jurisdictions

Vue CDS reels on loan no-show, as CLO managers hold front row seats
Vue International is among the biggest movers in credit default swap trading today after the cinema operator pulled an £833 million refinancing and acquisiton financing

KKR promotes three European credit specialists to managing directors
KKR has promoted several members of its team to managing directors - including a former US CLO portfolio manager

M&G structured credit PM takes on bigger fixed income origination role
The structured credit portfolio manager, who is based in Europe, changes focus to sourcing investment opportunities across all areas of fixed income

Blackstone builds on multi-asset approach with fifth fund
The new vehicle will invest directly into Blackstone deals across its alternatives platform

CLO managers on alert as five credits drive Crossover index rout
Five constituents of iTraxx Crossover have hit big bumps this week, fuelling a noticeable underperformance of the European credit default swap index against its US counterpart yesterday in a reversal of the recent trend

Market favours retrospective over forward-looking approach to Ibor benchmark fallbacks, says Isda
New benchmark fallbacks for derivatives contracts that reference interbank offered rates are likely to be based on the “compounded setting in arrears rate” and the “historical mean/median approach to the spread adjustment”, the International Swaps and Derivatives Association has said

24 CLO managers hold J Crew loan as it drops 4.62%
A total of 109 CLOs hold $219.4 million exposure to J Crew, whose Term Loan B traded down 4.62% from yesterday 

Ex-Citi CDO trading chief joins Jefferies as head of European fixed income
Jefferies has appointed a former Citi European credit and pre-crisis CDO trading head to lead its European fixed income business

Tikehau’s private debt AUM hits €7.5 billion
Tikehau Capital, the Paris-based asset management and investment firm, has reached €7.5 billion in private debt assets under management (AUM) as of September 2018. This represents an increase of 17% for the third quarter, amounting to €1.1 billion  

European loan issuance set to decline in 2019, says Moody's
The outlook for European leveraged loan issuance remains strong for next year, according to report by Moody’s, although levels will depend on M&A activity

Kartesia invests in equity of 2018 European CLO
Kartesia has invested in the equity of KKR’s latest European CLO 

Ares ups its target for US senior direct lending growth to $4.7 billion
Following $5 billion of inflows into global direct lending in the third quarter, Ares has upped the target for its US direct lending strategy 

Blackstone grows credit assets by 31% over year
The firm achieved strong fundraising in credit, taking credit-related assets under managment to $130.6 billion in the third quarter, a 31% increase year-on-year 

Serone expands structured credit team as former GoldenTree official joins
London-based Serone Capital Management has added to its team with the hire of a structured products specialist

Silverpeak looks to put together listed CLO equity fund
Silverpeak's CLO-focused fund will primarily invest in CLO equity and be listed on the New York Stock Exchange

GoldenTree adds partner to its structured credit team in London
GoldenTree Asset Management has made a big hire to its London office with a structured credit specialist joining as partner

Halcyon rebrands to Bardin Hill, names new CEO and sells minority stakes to TSSP and Dyal
Halcyon Capital Management has rebranded its platform to Bardin Hill Investment Partners and has announced a new leadership structure following the retirement of John Bader who served as chief executive officer

Hedgers stay put as crossover roll drives trading
Market participants who were positioned short the iTraxx Crossover index, including those using it as a proxy hedge for CLOs, ABS and emerging market credit, are showing greater reluctance than usual to roll into the new series

Brexit disruption risk for derivatives is uncomfortably high, Nicky Morgan tells ISDA conference
Brexit cast a long shadow over the International Swaps and Derivatives Association’s Europe Conference in London this week, as keynote speaker Nicky Morgan, chair of the UK’s House of Commons Select Committee, said the likelihood of a no-deal scenario is over 50% and warned about the disruption this would cause to derivative markets