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

Calpers appoints CIO
California Public Employees Retirement System (Calpers), the $360 billion pension fund, has appointed Yu Ben Meng as chief investment officer.

Manager plays its cards right as top-performing hedge fund grows in size
A US credit hedge fund manager has grown the size of its credit vehicle amid a strong first half of the year

Houlihan Lokey launches US loan platform and signs up HPS
Global investment bank Houlihan Lokey has launched a new syndicated leveraged finance platform as part of its capital markets group in response to “significant client demand” 

Portfolio managers continue to be pessimistic on credit outlook, survey finds
A survey by the International Association of Credit Portfolio Managers states that 56% respondents believe average corporate default rates will increase over the next 12 months 

THL Credit takes over as sole advisor to US loan fund
THL Credit Senior Loan Fund's Board of Trustees will end its current advisory agreement with New-York based Four Wood Capital Advisors effective 21 June.

Credit specialist poaches Goldman Sach's Eric Muller in New York
Credit specialist Oak Hill Advisors has hired New York-based Eric Muller from Goldman Sachs Group, according to a market source

AUM drops but Oaktree dubs 2017 a "strong" year
Alternative investment specialist Oaktree Capital Management has reported a slight decrease in assets under management for the year of 2017 – but the Los Angeles-based firm’s chief executive described the year as a “strong” one for the company

Aberdeen Standard Investments launches global private markets fund
Aberdeen Standard Investments has launched a £138 million Global Private Markets Fund (GPMF), which will invest in a diversified mix of private credit, private equity, real estate and infrastructure

MidOcean nets $87.6 million in 12 months for credit opps fund
MidOcean Partners has raised more than $87 million in a year for its first Credit Opportunity IDF fund, regulatory filings indicate

Willis Towers Watson fund exchange hires new US head in New York
Willis Towers Watson’s Asset Management Exchange (AMX), an institutional asset management marketplace, has appointed a new US head

SSGA reports healthy income and AUM boost in Q4 2017
In its earnings release yesterday, Boston-headquartered State Street Global Advisors reported a rise in net income to $687 million for fourth quarter 2017, up from $648 a year earlier – a 19.1% increase

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

Alcentra hires former BlackRock US loan and CLO chief
Alcentra has announced the appointment of Leland Hart as managing director and head of US loans and high yield

CSAM closes unit it launched to take minority stakes in hedge fund managers
Credit Suisse Asset Management is unwinding Anteil Capital Partners, the private equity unit it set up to take minority stakes in hedge fund firms, according to a market source

CLO-savvy insurance company hires two for top credit investment roles
An insurance company, which has made a name for itself in supporting CLO managers with risk retention capital, has made a pair of big hires to its credit investment business

Hartford-based Newfleet adds head of business development to its team
Newfleet Asset Management has brought in William Irvine as a senior managing director and head of its institutional business development platform

KVK launches opportunistic hedge fund to target unloved CLO assets
Funds that live by a rigid set of guidelines (such as CLOs) are being targeted as a source of assets by opportunistic managers

Credit manager wins $200 million mandate from Texas pension fund
A west coast asset manager will be responsible for a separate account which will invest opportunistically across the credit market

BlueMountain hires fund distribution specialist from Paulson
BlueMountain Capital Management has poached Claudio Macchetto from Paulson and assigned him to the newly created position of head of platform distribution

Octagon plans its first 40 Act credit fund with 50% bucket for CLOs
Octagon Credit Investors is working on what could become one of the first closed-end fund listings by an alternative credit manager in recent years

New York insurer brings in corporate credit portfolio manager
Corporate credit portfolio manager joins insurer after 12 years at PartnersRe