Transamerica to liquidate bond fund run by Loomis Sayles
Transamerica Asset Management has revealed plans to liquidate its $196.8 million Transamerica Bond, which has been subdadvised by Loomis, Sayles & Company since 2007

Fund industry braces for further impact after court's DOL fiduciary rule decision
The US Department of Labor (DOL) had said it will not enforce its embattled ‘fiduciary rule’ following a legal ruling last week – but one regulatory lawyer says fund industry players should nevertheless brace for several impacts of that ruling

Willis Towers Watson raises $620 million for two credit funds
Willis Towers Watson has launched a Group Trust with two credit funds, a spokesperson for the firm has confirmed.

Fidante acquires minority stake in credit fund manager Latigo
Fidante Partners has today announced that it has acquired a minority stake in Latigo Partners, a credit asset manager.

BNY Mellon IM brings Insight bond fund on to its distribution platform
New York-headquartered BNY Mellon IM introduced a new multi-sector bond fund - BNY Mellon Insight Core Plus Fund - which will be subadvised by Insight Investment 

Three credit specialists part ways with Highland
Three officials have left Highland Capital Management in the last few weeks; a CLO trader and two experienced corporate credit researchers

Goldman Sachs’ co-president and COO Schwartz to retire
Goldman Sachs has announced that Harvey Schwartz, the group’s president and co-chief operating officer, is retiring and will step down effective 20 April 2018. David Solomon will now serve as sole president and COO

Rockefeller hires ex-Morgan Stanley official as its head of credit
Independent financial firm Rockefeller Capital Management has hired Michael Brakey as head of credit and banking in the firm’s wealth management business

Ares leads the way as US tax reform prompts corporate structure rethink
Ares Management has announced its conversion from a partnership tax structure to a corporation or C-Corp – and it’s likely other managers will follow suit now that US taxation law changes – the most comprehensive tax reform in more than three decades – have taken effect

Lazard keeps fixed income mandate but loses out in equities in fund-of-fund shake up
Loomis Sayles is set to replace Lazard Asset Management on one of the sleeves Lazard manages for a large Jackson National multi-manager fund, a SEC filing revealed on Friday

Putnam hires new alternatives chief from Hutchin Hill in New York
Thomas DeAngelis has joined Putnam’s global institutional management team as director of alternatives, after less than a year at Hutchin Hill Capital in New York

Adams Street names new appointment to board of directors
Chicago-headquartered Adams Street Partners has appointed Matthew Scanlan of Angel Island Capital to its board of directors

UK pension mega-fund to increase credit allocation following equity reduction
One of the UK's largest pension funds looks set to increase its allocation to credit after reducing its equity allocation by 15%

Senior managing director parts ways with Antares
Senior managing director Chet Zara has once again parted ways with private debt manager Antares Capital, a spokesperson confirms

SSGA appoints global head of institutional group
State Street Global Advisors has appointed former APAC head Lochiel Crafter as head of its Global Institutional Group. James MacNevin will now take over Crafter's former role 

SEC and Ameriprise settle lawsuit over high mutual fund fees
The regulatory lawsuit took aim at Ameriprise for allegedly making customers pay $1.78 million in unnecessary charges

KKR appoints new independent director
KKR has appointed French technology entrepreneur Xavier Niel to the Board of Directors of KKR Management

Canadian asset manager acquires Asian private credit specialist Clearwater
In a bid to gain entry to the Asian private credit market, Canadian investment firm Fiera Capital Corporation has acquired Asian credit specialist Clearwater Capital Partners

Credit specialist poaches Goldman Sach's Eric Muller in New York
Credit specialist Oak Hill Advisors has hired New York-based Eric Muller from Goldman Sachs Group, according to a market source

Manchester pension fund awards Stone Harbor £1 billion multi-credit mandate
A £21 billion UK pension fund has appointed global fixed income specialists Stone Harbor Investment Partners to manage a £1 billion multi-asset credit mandate

Cowen brings together credit and equity for its sales and trading platform
Cowen has announced two senior appointments as part of its effort to align its credit and equity trading platforms

Sun Life subsidiary launches new fixed income strategy for pension funds
New York-based Ryan Labs Asset Management has announced the launch of its Defensive Risk Premia strategy for corporate and public pension plans, as well as other institutional investors

Oppenheimer and Carlyle launch global credit fund as part of JV
Carlyle Group and OppenheimerFunds International have filed to register the first fund product of their previously announced joint venture. The vehicle will invest in a wide range of credit products including CLOs, direct lending and opportunistic debt

SEC delays compliance deadline for liquidity risk management initiative
Credit-focused mutual funds in the US now have an additional six months to comply with the (SEC’s incoming liquidity risk management programme

UBS O'Connor professional resurfaces in business development role at Context
Hedge fund manager UBS O'Connor has lost Arun Gowda to Context Capital Partners, a seeding firm focused on alternative investment strategies