Relative value traders seize on fleeting mismatches
The volatility that hit credit markets from mid-November has produced rare opportunities for relative value traders after a dearth for 12 months

Morgan Stanley EV resets post-Assurant CLO with tighter stack
Morgan Stanley Eaton Vance CLO Manager has completed a $416 million CLO reset, its second in under a month

LP round up: no Stoptober as investors allocate $5 billion to credit
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates    

Hildene hires business development head from One William Street
Hildene Capital Management has hired a new head of business development

Credit Fundraising: Blue Owl and WhiteHorse gain from improving animal spirits
Fundraising perked up in July as managers raised $14.9 billion for credit funds - the third highest monthly amount this year

RBC securitised products sales director departs for new firm Panagram
A Royal Bank of Canada securitised products sales director has left to join new investment firm Panagram Structured Asset Management in New York

Investcorp looks at M&A for US CLO growth: Bloomberg
Investcorp Credit Management’s co-head of US credit David Moffitt has outlined plans to double the firm's US CLO assets under management – which include acquisitions and equity partnerships

Pretium swoops for three managing director hires to residential credit business
Pretium has made three managing director hires to its residential credit business in New York 

CIP plugs ABS team gap with senior portfolio manager hire in London
CIP Asset Management has filled a gap on its European structured credit team

Fund performance: Déjà vu as April leaders dominate
CLO funds stayed in the top flight for another month as they took over the top 10 credit hedge fund return table in May, when 87% of all funds listed made positive returns

Eldridge spins out structured credit investment team into new firm
Eldridge Industries’ $13.5 billion structured credit investment team is spinning out into a new firm named Panagram Structured Asset Management

Novicap tech platform targets credit investors with fundraising drive
Novicap, a fintech company offering working capital optimisation solutions to SMEs and mid-market corporates, is looking to debt capital markets participants such as credit and structured credit funds, asset managers, pension companies and insurers as it seeks to raise third-party funding for its credit platform

Tech firm tempts credit investors with supply chain finance offer
Novicap, a fintech company focused on invoice financing, is looking to debt capital market participants — such as credit and structured credit funds, asset managers, pension companies and insurers — as it seeks to raise third-party funding for its credit platform

Fund performance: CLO funds outperform as two hit over 100% 12-months return
CLO funds swatted away the competition in April on their way to dominating our top 10 credit hedge fund return table after an upbeat month

Fund performance: Lightning strikes twice as range of credit funds deliver
What seemed like a chance occurrence in February has struck again in March, as seven categories make our top 10 best performing hedge funds

Carlyle senior credit investor joins fintech firm as CFO
An experienced credit investment professional at the Carlyle Group has moved to become chief financial officer at fintech company NoviCap

Highland ends 12-year dispute with UBS over CLO-squared amid "shocking revelations"
A 12-year dispute over a failed CLO-squared is close to being concluded after Highland Capital Management filed a motion yesterday to approve the settlement of its dispute with UBS. But wasn't filed without more "shocking revelations"

Fund performance: assortment of funds step up
Seven categories are represented in this month’s top 10, making it the most diverse since February 2020

Ucits at a glance: Advent and Algebris lead the pack again
Ucits funds saw the brighter side of February, as 80% of funds achieved a positive return

Sandalwood funds of credit funds outperform in February
Credit funds of funds came out on top in February, a month characterised by the sell off in US treasuries

Points up front: Navigating lockdown easel-y with brush in hand
The various periods of lockdown over the past 12 months have provided time for credit professionals to tap into their creative side, and Schroders’ head of securitised credit Michelle Russell-Dowe has taken full advantage

"We have to think about the influence of social media like Reddit"
Schroders' Michelle Russell-Dowe takes our credit quiz

Four managers win lucrative $700 million credit mandate
A $39 billion pension has selected four managers for an opportunistic credit mandate and identified a further four ‘bench’ managers 

MidOcean employs rare tranche structure with 2016 US CLO reset
MidOcean Credit Fund Management has reset a 2016 vintage US CLO via Jefferies, upping the deal size slightly and shaving its funding costs in an unusual reconfiguration of tranches