Past returns: pension scheme gets stung after regulators rewrite CLO rules
Five years ago, we reported that US pension funds were boosting their allocation to euro-denominated credit. One institution in particular led the way by supporting the first European CLO to be issued since the global financial crisis

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

Global consulting firm acquires Japanese multi-management platform
Global consulting firm Mercer, a subsidiary of Marsh & McLennan Companies, has acquired the Japanese hedge fund multi-manager BFC Asset Management

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

Credit markets ignore geopolitical exposures, suggests Guggenheim
Global credit spreads have spent 2017 tightening, but markets may be ignoring certain risks, according to Anne Walsh, chief investment officer for Guggenheim’s fixed income unit

South Korean brokerage finds CLO warehouses good for Seoul
Appetite for CLO warehouse risk has re-awoken in South Korea, with sources indicating that a Seoul-based brokerage is looking to provide first-loss capital in CLO warehouses globally.

Past returns: binomial expansion model was the catalyst for shorting AIG
10 years ago, Creditflux reported on AIG's approach to marking its structured credit book. The article prompted one trader to put on a large short position which profited as AIG turned to the US government for a bail-out

The biggest credit stories in 2017
CLO ramp-up risk, new risk retention proposals and new CLO joint ventures were in the headlines last year. Here, Creditflux reveals the most read stories of 2017

Japanese internet and telco giant SoftBank completes Fortress acquisition
Japan’s SoftBank Group Corp has completed the previously announced acquisition of Fortress Investment Group for $3.3 billion in cash

Blackstone taps Australia's mortgage loan market with new acquisition
New York-based Blackstone is tapping into Australia’s lucrative mortgage loan market by acquiring an 80% stake in direct lending company La Trobe Financial

Infrastructure manager raises $6.5 billion in equity and debt mandates
Global infrastructure manager IFM Investors raised $6.5 billion in infrastructure equity and debt globally between 1 July 2016 and 30 September 2017

US manager becomes latest to receive China private fund management license
US manager becomes the latest foreign firm to recieve an approval for the private fund management (PFM) license in China. 

Japanese bank to buy minority stake in CLO boutique GreensLedge
A Japanese bank is taking its relationship with GreensLedge to the next level by buying a 20% stake in the New York-based firm

Volatility management boosts Double Haven's Asian credit fund
Hong Kong's Double Haven has outperformed the US high yield market and exhibited less volatility this year through its Asian bond fund

Carlyle's co-founders step down as new leadership team is unveiled
The group names two Co-CEOs and a Co-CIO – but claims its three co-founders will continue to be actively engaged at Carlyle

Marathon fund doubles assets in six months
Marathon's Emerging Markets Bond Fund substantially increased its assets between March and September – more than doubling its AUM, according to estimated figures

New York-based manager's distressed debt fund raised $4.7 billion in Q3
Blackstone's credit arm, GSO Capital Partners, raised $4.7 billion for its distressed flagship fund during third quarter 2017

New CarVal distressed credit fund reaches $2.36 billion
Alternatives manager CarVal Investors has raised $2.36 billion for its new vehicle CVI Credit Value Fund IV, according to regulatory filings

Principal and Finisterre team up to launch emerging market Ucits fund
Multi-boutique asset management firm Principal Global Investors has launched an unconstrained emerging markets fixed income Ucits that will be managed by its subsidiary, Finisterre Capital

KKR's private credit fund fund targets Hong Kong and now South Korea
KKR has raised $301.1 million for its KKR Private Credit Opportunities Partners II (EEA) LP fund, which appears to be targeting Asia-based investors

US managers win South Korean investment
Ares, Audax and KKR are among the cluster of fund managers that have put their hearts and minds into marketing credit funds in Seoul – with great success

Private credit investors will be stuck with their positions
Brandywine’s Gary Herbert takes our credit quiz

Asian airline operator approves $30 million ticket for new CarVal credit fund
US credit strategies continue to attract capital from Asian investors with CarVal Investors the latest asset manager to distribute a fund in the continent

Goldman Sachs and KKR private credit funds win Korean investors
Korea Post has decided to commit $200 million to a new mezzanine debt fund from Goldman Sachs and $100 million to KKR Credit’s global mezzanine fund, according to local media reports