Texas pension awards $175 million to distressed debt and strategic credit
The $30.1 billion Texas pension fund has mandated $175 million to Arbour Lane and Marblegate 

TwentyFour expands into US with head of US credit appointment in New York
TwentyFour Asset Management has appointed David Norris as head of US credit to lead the firm’s expansion into the US

Stifel builds out leveraged finance team with big hire
The new unit will focus on origination, underwriting, and syndication of leveraged loans and high-yield securities

Managers cash in as investors come calling
Credit management platforms are being viewed as attractive investments, with a slew of acquisitions taking place in recent months — mainly involving private credit operators

Loan market finds balance as spreads edge wider
New issue volumes were robust in July with relatively few loan refinancings getting done. Loan portfolio managers say the loan market is finally balanced, having been in favour of borrowers

King & Spalding adds debt specialist as partner in its Chicago office
Global law firm King & Spalding has appointed Amy Peters as partner in its corporate, finance and investments practice group

Partners Group promotes Layton to co-CEO as Rubeli steps down
Partners Group has announced that David Layton, partner and head of private equity, will succeed Christoph Rubeli as the firm’s co-chief executive officer, effective 1 January 2019

Wells Fargo AM chief Norris to retire
Wells Fargo Asset Management's Anthony Norris - managing director, chief investment officer and senior portfolio manager - is set to retire from the fund management industry in October

Danish pension fund's bond and loan performances diverge
ATP, the Danish public pension fund, has made negative returns on its credit portfolio with its bond portfolio suffering 

Swedish pension fund's credit portfolio recovers with strong 2018 results
Andra AP-Fonden (AP2), the SEK 352.4 billion ($38.7 billion) state-owned pension fund, generated 5.6% absolute returns from non-domestic credit investments for the first half of 2018

BNP Paribas hires to its loan sales team in London
BNP Paribas has added to its loans sales team in London with an experienced hire

TD builds out European credit trading arm with key hire
The Canadian-based investment bank has strengthened its European credit trading business with a senior credit trading official 

Manager plays its cards right as top-performing hedge fund grows in size
A US credit hedge fund manager has grown the size of its credit vehicle amid a strong first half of the year

Vanguard plans global credit bond fund launch for US investors
Vanguard’s $1.3 trillion fixed income group is looking towards a US-domiciled global credit bond fund in the fourth quarter this year, following the Ucits version it launched last year 

New York manager prepares interval credit fund launch
A structured credit fund manager is joining the interval fund rush 

BlueMountain hires PM to lead private infrastructure unit
BlueMountain Capital Management has hired Scott Troeller to lead its private infrastructure unit  

Proskauer expands asset management practice with partner in Washington
International law firm Proskauer has expanded its global asset management practice with the appointment of William Tuttle, who joins as partner in the corporate practice

SANNE appoints co-heads of private debt and capital markets
SANNE, an alternative fund and corporate administration services provider, has promoted Stephanie Hopkins and Stephen McKenna as co-heads private debt and capital markets Emea

Blockchain drags credit into the future

Star names join Barclays as it pushes into CLOs

Consultant calls on investors to quiz managers over ESG processes
The lack of consistent and reliable data seems to be a major challenge when embracing environmental, social and governance (ESG) criteria across private equity, infrastructure and credit.

They said it: My friend (not a fan of the president) said she would erect a statue of Trump if there was any further Volcker rule rollback
A US lawyer tells us that President Donald Trump is gaining admirers in the credit industry.

Points up front: Cooperman takes advice from Kenny Rogers
Last month news emerged that Omega Advisors founder Leon Cooperman was converting his multi-billion dollar hedge fund into a family office.It wasn’t fatigue or performance issues driving the 75-year-old to retirement (Omega’s flagship fund is said to have delivered double-digit returns in 2017), but rather American country singer Kenny Rogers.  

Steelmakers forge links in face of overcapacity

Investors gain upper hand in doc negotiations