Goldman stymies pension funds’ fraud class action move in Abacus CDO case
A US Appeals Court in New York has ruled that a shareholder lawsuit accusing Goldman Sachs of fraud cannot proceed as a class action

Up-and-coming fund manager Revolution makes big structured credit hire
Sydney’s Revolution Asset Management has made a big hire, signalling its intent in the global structured credit markets

JP Morgan AM professional to lead spin-out of credit hedge fund
Former JP Morgan Asset Management portfolio manager Fahad Roumani appears to be gearing up to lead a spin-out firm, which will manage the JPS Credit Opportunities Fund under its new name

BlackRock's AUM increases 22% in a year as ETFs contribute to growth
BlackRock’s assets under management have surpassed $6.2 trillion following “a record year” for the firm in 2017, company officials said in a recent earnings call

Seasoned credit fund manager rejoins Marathon in New York
A credit specialist has completed a circuit, returning to Marathon Asset Management after nearly 12 years away

Oak Hill promotes three to partner
Oak Hill Advisors has promoted three managing directors to the position of partner, according to market sources

BNP Paribas AM launches emerging markets fixed income fund
BNP Paribas Asset Management has announced the launch of an emerging markets fixed income mutual fund – and says it plans to launch further mutual funds in the coming months

Fintech firm YieldStreet raises $113 million including revolving credit facility
Fintech startup YieldStreet has announced it has closed a $113 million financing round, which includes a revolving credit facility of $100 million

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

Michigan pension fund commits $570 million to four credit fund managers
The State of Michigan Retirement Systems has revealed commitments of over $570 million to credit funds over Q3 2017, according to board documents

Texas pension fund allocates $100 million to direct lender's upcoming fund
Boston-based Summit Partners has received a $100 million commitment for its third credit fund – Summit Partners Credit Fund III – by a Texas pension fund

Private debt performance shines in institutional investing study
A quarter of institutional investors say private debt outperformed their expectations over 12 months to 28 August 2017

Private debt manager makes multi-million dollar sales for third credit opps fund
Private debt manager Park Square has made significant sales for its Capital Credit Opportunities III fund over the course of a year, regulatory filings indicate

Aviation investment specialists land at GAT to start leverage finance unit
A Florida-based aviation specialist has announced the launch of its Leveraged Finance Group (LFG), which will provide secured aircraft financing for lessors, investors and airlines, according a recent press release

Direct lender founder Isaly stepped down following sex harassment allegations: report
OrbiMed’s founder Samuel Isaly stepped down from his role at the healthcare-focused firm following sexual harassment claims against him, according to claims reported by Stat News

KKR and Audax poised to receive commitments from Arizona pension fund
Arizona’s Safety Personnel Retirement System may commit $175 million to credit strategies run ky KKR and Audax, according to board documents seen by Creditflux

Balance of power shifts away from direct lenders
Mid-sized corporations are getting their way at the expense of direct lenders at the negotiation table, recent research suggests.

Angel Oak CMV plants seed for newly risen CLO market
Atlanta-based manager Angel Oak Capital is looking to fertilise the budding market for CLOs backed by subordinated bank debt

Credit Suisse brings in structured credit veteran to business development role
Credit Suisse has strengthened its securitised products team in New York, hiring a business development official to a team led by global structured credit head Jay Kim

Denver manager raises $22 million for structured credit fund this year
The Wickapogue Structured Credit Fund, launched in November 2016, has raised about $22.2 million according to a regulatory filing

T Rowe Price drops operating expenses on credit opps fund
Operating expenses on the fund’s Class I shares will drop by 4 basis points, from 70bp to 66bp, as of 1 December

Highland renames CLO fund and raises at least $153 million
The Guernsey-incorporated vehicle, which launched in 2015 under the name Acis Loan Funding, has raised more than $150 million and changed its name to Highland CLO Funding

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

KKR lists largest BDC on NYSE
A business development company (BDC) co-sponsored by asset manager KKR has gone public

BNY to merge three of its asset managers
BNY Mellon Investment Management plans to merge three of its managers into one entity that will oversee $560 billion in assets