Credit funds at a glance (February 2022)
A round up of fundraising and people moves in credit

Credit Rendezvous: the upside of inflation
It is clear, inflation is not transitory and central banks are acting with several interest rate hikes likely in store for the US this year. That makes loans and CLO debt tranches attractive, but there could be opportunities beyond these floating rate assets

Credit funds at a glance (January 2022)
A round up of fundraising and people moves in credit

Loans will be winners in bearish year for credit: BNP Paribas
Floating rate loans are best positioned for a year of widening credit spreads, but high yield bonds will outperform investment grade and EM credit is set for losses, says BNP Paribas in its 2022 outlook

Citi's former correlation trading star takes on new risk head role
Citi's former head of credit correlation trading has taken on a new role in the bank, becoming head of in-business market risk for global markets

Nochu returns to CLO new issues after two-year break
Norinchukin Bank made its long-awaited return to the CLO primary market last month, investing in US CLO triple A notes once more

Credit Rendezvous: Credit spins full circle
The third quarter was massive in terms of volumes with CLOs, high yield, leverage loans and private equity registering record issuance. But credit spreads were up and down as inflation fears, crackdowns in China and rising coronavirus cases became catalysts for risk-off sentiment in July and September

Pretium hires senior PineBridge official to spearhead middle east expansion
Pretium has established a presence in the Middle East with the opening of a Dubai office and has hired a managing director from PineBridge to lead the charge

KKR announces new co-CEOs as Kravis and Roberts step down
KKR has announced the appointment of its second ever pair of co-chief executive officers, effective immediately, replacing co-founders Henry Kravis and George Roberts

"I’m passionate about broader representation within investment teams"
CIP's Leila Donnachy takes our credit quiz 

Nochu again: Japanese bank makes tentative return to CLO primary investing
Norinchukin, the world’s largest holder of CLO notes, made a tentative return to primary investing last month

Credit funds at a glance (September 2021)
A round up of fundraising and people moves in credit

Credit hedge funds (August 2021)
Credit hedge fund returns

Middle east firm hires high profile loan official to build on control CLO equity business
Middle east asset manager Lakemore Partner is doubling down on CLOs with the control CLO equity investor hiring one of the biggest names in the loan and CLO management business

Credit Rendezvous: And breathe...
The unanimous verdict is that credit spreads will be moving wider – they have to. But the difficulty credit fund managers face is predicting when the next sell-off comes and how sharp it will be. In the Q3 instalment of Creditflux’s Credit Rendezvous, the over-riding message from portfolio managers is that there’s little point in taking on too much risk. The report features the views of prominent credit figures including Paul Horvath (Orchard), Himani Trivedi (Nuveen), Ronnie Jaber (Onex), Graham Rainbow (Alcentra) and Michelle Russell-Dowe (Schroders). The report looks at 14 segments of the market including CLOs, direct lending, leveraged loans, distressed debt and credit derivatives.  

They said it: "A lot of value was lost due to CLO window dressing"
"A lot of value was lost due to CLO window dressing"

Credit hedge funds (July 2021)
Credit hedge fund returns

Credit hedge funds (June 2021)
Credit hedge fund returns

CLO fund comes top by distance in middling month for credit
A CIS Asset Management fund, which invests mainly in US CLO equity, was the star performer in March after gaining 7.36% in the month

Credit hedge funds (May 2021)
Credit hedge fund returns

Credit Rendezvous: ready and waiting
In Creditflux's quarterly review of credit, portfolio managers tell us that Inflation is likely to nudge higher but they are optimistic because dispersion will pick up and windows of volatility will emerge, rather than elongated phases of stress