Regulators delay final initial margin deadline and add extra roll-out phase
Regulators have granted a one-year reprieve to smaller counterparties from a requirement to post initial margin on derivative trades, while introducing an additional implementation phase. But while a relief for large numbers of firms struggling to meet the deadline, the concession still ignores calls from industry bodies to deploy a higher final capture threshold

GLG confirms two portfolio manager hires for distressed unit in London
Man GLG has hired two portfolio managers to its credit team in London

Asia CDS index overhaul posits 50% constituent change
IHS Markit has said it will push ahead with plans to overhaul iTraxx Asia ex-Japan CDS index rules from the next roll in September, with up to half the constituents expected to change over time as it seeks closer alignment with the cash bond market

Investor requirements rather than performance is driving ESG push: Creditflux survey
Only 14% of respondents to Creditflux's global credit ESG survey said performance was the main reason they were adopting envoronmental, social and governance-themed strategies

UK pension pool to launch maiden private credit offering
Border to Coast Pensions Partnership is launching its first private credit offering in early Q4, Creditflux has learned

Private debt boosts Partners' AUM
Partners Group has reached €17.2 billion in private debt assets for the first half of 2019, with private debt experiencing the highest net growth among all private markets, according to an AUM update from the manager today  

UBS pushes into private credit as part of private markets expansion
UBS has launched a global private capital markets team, which includes a new emphasis on private credit

First Abu Dhabi Bank pushes into credit derivatives with trading head hire
First Abu Dhabi Bank (FAB) is making a foray into credit derivatives and has hired an experienced credit trader to lead the initiative

US pensions funds allocate to Lone Star and Raven credit strategies
Two US-based pension schemes have invested in funds with exposure to credit, highlighting the appetite of institutional investors towards off-the-run asset classes.

Loomis Sayles puts together Asia bond fund
Loomis Sayles has added to its credit offering with the launch of its new Asia Bond Plus strategy

Japanese pension fund turns its attention to credit funds
Japan's Government Pension Investment Fund (GPIF) has launched a request for information (RFI) on private debt with the institution looking into new assets classes in a bid to generate higher returns  

Bain plans $3 billion distressed fund with US pension fund eyeing commitment
Pennsylvania Public School Employees Retirement System (PSERS) is set to invest $200 million to Bain Capital Distressed and Special Situations 2019 (DSS 19) fund, according to documents seen by Creditflux.  

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.

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

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