Alternatives firm hits $1.3 billion for opportunistic credit hedge fund
Alternative investments firm Varde Partners is on a roll: it has raised at least $1.29 billion for its opportunistic credit fund Varde Investment Partners, Creditflux has learned

Minneapolis manager hits $1.5 billion in sales for credit strategy
The firm has reached $1.5 billion in sales for a credit fund, indicating sales of $500 million in a single year

Palmer Square hires COO from Scout after surpassing AUM milestone
Palmer Square Capital Management has hired Scott Betz as chief operating officer, following the firm surpassing $5 billion assets under management

Managers change on $4 billion worth of Fidelity funds ahead of PM's retirement
Veteran Fidelity portfolio manager Matthew Conti is expected to retire in December. In anticipation, several Fidelity credit funds worth a combined $4 billion are shaking up their management mix

Strategic Partners' infrastructure fund closes at $1.75 billion
Blackstone’s secondary and fund solutions business, Strategic Partners Fund Solutions, has announced the final closing on the hard cap of $1.75 billion for Strategic Partners Real Assets II

Quant giant AQR launches first fixed income fund
Quant specialist AQR Capital Management has entered the fixed income world, launching a new product called the Core Plus Bond Fund

Credit Suisse fund to liquidate following underperformance
Credit Suisse is liquidating the Credit Suisse Commodity Access Strategy Fund, which invests mostly in bonds

OppenheimerFunds chief executive resurfaces at smaller rival
A senior figure has left OppenheimerFunds and is now chief investment officer at Hirtle Callaghan & Co

White Oak acquires interest in municipal credit fund manager FCO
White Oak Equity Partners, which purchases interests in alternative asset managers, has acquired a minority interest in alternative municipal strategy specialist FCO Advisors

Waddell & Reed names former Ameriprise professional as COO
Waddell & Reed Financial has appointed former Ameriprise professional Elizabeth “Beth” Hansen as senior vice president and chief compliance officer of its distribution subsidiaries, Waddell & Reed and Ivy Distributors

Canada’s Fiera generates 10% AUM growth in 2017
Montreal-based asset manager Fiera Capital Corporation has increase its assets under management by 10% year-on-year and grown its annual revenues by 33% on a year-over-year basis, its latest financial report reveals

T. Rowe to reduce assets and change investment objective for bond mega-fund
T. Rowe Price is seeking to change the investment objective on its $2.65 billion International Bond fund – while also reallocating $850 million in assets away from the fund

Columbia unveils new Luxembourg-domiciled global credit strategy
Columbia Threadneedle has unveiled its newest credit fund, which will emulate the investment approach taken by its €2 billion predecessor fund

Goldman drops New Mountain and makes a new hire in subadvisor switch-up
The Goldman Sachs Multi-Manager Alternatives fund has switched up its suite of subadvisors, with New Mountain no longer managing event driven and credit strategies for that fund

Zais hit with class action filing over proposed go-private deal
A Zais Group stockholder has filed a putative class action lawsuit against the firm, taking aim at Zais’s plans to merge with subsidiary ZGH Merger Sub and Zugel’s firm Z Acquisition – a plan that would result in the company going private

BNY Mellon AMNA taps former Fidelity VP for investment strategy role
BNY Mellon Asset Management North America (BNY Mellon AMNA), which formed last month, has appointed a former Fidelity Investments professional to a senior investment strategy role

Ohio pension backs BlackRock multi-asset and BlueBay direct lending funds
BlackRock and BlueBay have each won commitments from a $14.7 billion Ohio pension fund

New chief executive and president named on $160 million Guggenheim fund
A Guggenheim Partners fund has named a new president, chief executive officer and trustee following the passing of Don Cacciapaglia in December

Manager converts hedge fund into mutual fund with dual strategies
Rational Funds has announced its second hedge fund conversion, with the investment strategy comprised of two components

BlackRock adds new ETF to $1.8 trillion iShares platform
BlackRock has unveiled a new addition to its suite of target maturity fixed income ETFs, with the iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) rolling out this week

Pimco hires United Nations director in move to expand ESG capabilities
Fixed income giant Pimco has hired a former United Nations director as it builds out its environmental, social and governance (ESG) platform for investors seeking socially responsible investments.

SEC's Grim and Crovitz resurface at Washington DC law firm
Two former US Securities and Exchange Commission directors have joined law firm Stradley Ronon

Bonds climb as the Dow tumbles amid Trump sanctions on Chinese imports
Investors are seeking safety in government bonds

Brookfield buys 25% stake in European credit manager
Brookfield has acquired a 25% stake in Link Financial Group, the parent company of European credit specialist LCM Partners

BlackRock cuts Pine River from its sub-advisory role on alternatives fund
Following a wave of departures, Pine River has suffered another blow, with BlackRock removing it as the sub-advisor to one sleeve of a $100 million multi-strategy fund