Japan Post Bank's CLO investments grow another 17.13% in first quarter
Japan Post Bank added another 17.13% to its CLO investments in the first three months of 2019, taking its total holdings to JPY 1.18 trillion ($10.63 billion)

US pension backs Hong Kong-based credit fund manager
The San Francisco Employees’ Retirement System has approved a commitment of $200 million to Arkkan Opportunities Feeder Fund II

Managers look east as Asian credit fundraising takes off
Several asset managers have outlined plans for growth in Asia as one of their foremost priorities this year.

Ucits at a glance
A round-up of ucits performance

Tribeca launches Asian credit fund with new hire
The Australian manager has recieved $50 million from a family office

16% of insurers plan CLO allocation increase, survey finds
Goldman Sachs Asset Management has released its annual insurance asset management survey

Jefferies subsidiary and Stonyrock plan mid-market alternative manager stake acquisitions
The new joint venture will invest in private equity, credit, hedge funds, real estate, venture, and infrastructure firms

NNIP and FMO gain $250 million for emerging markets loan fund
The pair are aiming for a $750 million second close later this year

Cerberus garners $5.1 billion for debut dedicated NPL strategy
Cerberus has created its first dedicated fund for non-performing loans, having previously invested in the strategy through multi-strategy funds and separately managed accounts

UBS unveils combined leveraged debt capital markets group structure
The new business will be led by Brendan Connolly, according to an internal memo 

Korean institution hunts for direct lending managers
Korea Post has launched a request for proposals in which it seeks out two managers to invest a total of $200 million into global direct lending loans  

Ostrum hires Mizuho's Asian structured finance head for private debt expansion in Hong Kong
Ostrum Asset Management has bolstered its Asia-Pacific operations by launching a Hong Kong subsidiary focused on private debt

Carmignac adds global credit Ucits strategy to its range
The fund will be co-managed by Carignac’s head of credit Pierre Verlé and fixed income fund manager Alexandre Deneuville

China-focused private credit fund gains $626 million
Dignari Capital Partners has held a $626 million final close for its second private credit fund

Japanese investors must confirm assets are appropriate... CLO managers can provide assurances
The stipulation that Japanese banks invest in appropriately formed assets is unlikely to hurt the CLO industry

Mizuho looks to make return to CLO management
Mizuho is shaking up its credit business in Europe and is pushing into CLOs as both manager and arranger, according to several sources

Past Returns: Repacking in land of the rising sun
Five years ago in Creditflux, we reported that Bank of Tokyo Mitsubishi UFJ was embarking on a strategy of buying repackaged CLO triple A notes denominated in Japanese yen

Japan regulation affords CLOs breathing room
Japan’s regulators have avoided disruption of the global CLO market by softening the impact of their risk retention rules that came into effect in March

Man GLG adds credit portfolio manager in London
Man GLG has appointed a lead portfolio manager from Aventicum Capital Management

Oaktree's head of European distressed debt to lead expansion in Asia
Oaktree Capital's head of distressed debt for Europe and Asia will relocate to Hong Kong 

Japanese regulator makes CLOs exempt from risk retention - if loans are appropriately originated
The Japan Financial Services Agency (FSA) has said that CLOs can sit outside the remits of its securitisation regulation, if investors in the country can provide ‘in-depth analysis’ showing the underlying assets were appropriately originated

CDX EM adds Gulf top tier as MCDX goes sub-IG
The March roll of CDS indices brings notable changes to two products in the IHS Markit suite, CDX EM and MCDX, following users’ feedback on trading requirements

Isda tables plans to rid CDS market of narrowly tailored credit events
After lengthy deliberation, a working group of major firms is today set to publish proposals aimed at ridding the market of ‘narrowly tailored credit events’, whereby borrowers are persuaded to default on debt payments in order to trigger pay-outs for CDS holders

US dollar three-month is focus point for benchmarks, finds Ice Libor survey
One-, three- and six-month US dollar and sterling are the focus points for Ice Benchmark Administration to seek agreement with banks, according to the results of IBA’s survey on uses of Libor

CapitaLand gains $556 million for China real estate debt fund
The Singapore-based firm announced that the fund will target a $750 million final close