Invesco to convert Canadian bond fund into global credit strategy
The new Invesco Active Multi-Sector Credit Fund will have a global multi-sector approach

Private debt tops the tables for Industriens Pensionsforsikring
Industriens Pensionsforsikring, the DKK164.5 billion ($25.7 billion) pension scheme, generated a 1.6% return from its private debt portfolio, according to its mid-year 2018 results

Texas pension fund puts $150 million into credit
A $29.7 billion pension fund has approved commitments to two credit fund managers

BNP Paribas reorganises US credit business and appoints leveraged finance head
BNP Paribas has integrated its existing US primary and secondary credit units under a single new entity known as global credit markets Americas

Mill Hill poaches former Citi structured credit specialist
New York-headquartered Mill Hill Capital has appointed Nick Pepe as head of business development and investor relations

Portfolio managers continue to be pessimistic on credit outlook, survey finds
A survey by the International Association of Credit Portfolio Managers states that 56% respondents believe average corporate default rates will increase over the next 12 months 

Arctos Capital raises for cryptoasset credit fund
San Francisco-headquartered Arctos Capital is launching a cryptoasset credit fund – Arctos Capital Cryptoasset Credit Fund

Californian pension fund looks to increase exposure to opportunistic credit
Merced Country Employees Retirement Association (MCERA) may increase its exposure to opportunistic credit, according to documents seen by Creditflux

Houlihan Lokey expands global private funds group with Carlyle official
Global investment bank Houlihan Lokey has expanded its global private funds group with the appointment of Zade Zalatimo, former senior executive officer of Carlyle MENA

Carlyle bolsters credit opportunities team with two senior hires
Carlyle has announced the appointment of Taj Sidhu and Philip Moore in the firm's credit opportunities team

Mayer Brown appoints private credit specialist as partner in Chicago office
Global law firm Mayer Brown has appointed private credit specialist Beth Vogel as partner in the firm’s banking and finance practice

European CLO PM rumoured to be joining CIFC from large asset manager
CIFC Asset Management looks to have made a major breakthrough in its bid to establish a European credit business with the $17 billion asset manager rumoured to be hiring the head of European performing credit at a large global credit firm

Investors debate merits of bond buckets as regulators revisit Volcker rule
CLOs with bond buckets could return in the US as federal agencies have signalled their willingness to roll back certain parts of the Volcker rule

Fixed income managers join rush for US leveraged loans
High yield fund managers Barrow Hanley Mewhinney & Strauss and Ryan Labs Asset Management are moving into floating rate products

Aircraft lessors: gathering clouds lead to talk of turbulence
Aircraft leasing companies have been cruising over the past two years as passenger numbers grew, but rising interest rates and trade tariff concerns are making some bondholders nervous

Managers spot opportunity as leveraged loans soften
An abundance of US leveraged loan issuance helped soften secondary prices even though the overall market is highly bid. Meanwhile, investors’ preference for floating rate paper hit high yield

Schroders appoints credit specialist to fixed income team
Schroders has appointed a former BlackRock credit specialist as an investment director focused on Schroders' credit strategies

Neuberger's Dyal acquires minority stake in HPS
Dyal Partners, a division of Neuberger Berman, has acquired a minority equity stake in global credit manager HPS Investment Partners

Sound Point and American Beacon team up for credit interval fund
American Beacon Sound Point Enhanced Income Fund will invest in a variety of credit-related instruments - with at least 40% bank loans exposure

Investcorp brings in European credit portfolio manager from Rothschild
Investcorp has appointed Dominic Courtman as portfolio manager and director of its European Credit Management business (ICM EU)

Alcentra appoints Rajguru as global chief investment officer as Hatfield retires
Alcentra has appointed Vijay Rajguru as global chief investment officer effective 2 July 2018, a spokesperson for the company has confirmed to Creditflux, following Paul Hatfield's decision to retire from the firm at the end of the year

Brown Brothers Harriman expands fixed income capabilities with new mutual fund
New-York headquartered Brown Brothers Harriman & Co (BBH) has expanded its fixed income capabilities with the launch of its new debt fund - BBH Income Fund

Lynx appoints former Swedish pension fund alternatives head as partner
Swedish hedge fund manager Lynx Asset Management has appointed Martin Källström as partner and member of its management team

Prairie looks to raise $100 million for credit opportunities fund
Prairie Capital Management is on the fundraising trail

BlackRock seeks $1 billion for new multi-strat opportunities fund
The new trust will invest at least 80% of its assets in fixed income securities and up to 40% in special situations, SEC filings reveal