ICG announces new marketing hire
Intermediate Capital Group (ICG) has appointed a former Neuberger Berman institutional sales professional to head up marketing across parts of Europe

SSGA reports healthy income and AUM boost in Q4 2017
In its earnings release yesterday, Boston-headquartered State Street Global Advisors reported a rise in net income to $687 million for fourth quarter 2017, up from $648 a year earlier – a 19.1% increase

KKR opens Frankfurt office
The global investment firm has announced the opening of a new office in Frankfurt, Germany, in a bid to further strengthen its presence in Europe

Chenavari raises $120 million in a year for multi-strategy credit vehicle
Chenavari Investment Managers has raised almost $120 million in a year for its Cayman Islands-incorporated Chenavari Multi-Strategy Credit Fund, regulatory filings suggest

Muzinich debuts European total return credit strategy
Muzinich & Co has launched a new European-focused total return credit strategy that will have the ability to express both long and short views on credit

Oak Hill appoints sole head of European credit as ex-partner takes on new role
One of Oak Hill Advisors’ most senior staffers has stepped into a senior advisory role

Morgan Stanley's fixed income sales dramatically dip in Q4 earnings report
Morgan Stanley's sales and trading net revenues took a dip in 2017, with fixed income net revenues in particular down 31% compared to 2016 figures

CEO of Blackstone's hedge fund solution platform steps aside
Blackstone has announced that J Tomilson Hill, president and chief executive officer of Blackstone Alternative Asset Management (BAAM), will be transitioning to a new role as chairman of BAAM

Goldman earnings reveal 18% decrease in institutional client services revenue
The Goldman Sachs group has reported mixed results in its latest earnings release, revealing a dip in institutional client services revenue in 2017 compared to the prior year, but overall net revenues of $32 billion for 2017

Global consulting firm acquires Japanese multi-management platform
Global consulting firm Mercer, a subsidiary of Marsh & McLennan Companies, has acquired the Japanese hedge fund multi-manager BFC Asset Management

Spanish boutique launches its first Ucits credit fund
Madrid-based Arcano Asset Management has launched its first Ucits credit fund, citing demand from Ucits investors for credit fund investment opportunities based on floating assets and with low interest rate risk

HSBC banker joins Jefferies as European co-head of leveraged finance
Jefferies has made a big hire to its loans business in London, Creditflux has learned

PineBridge appoints high-ranking State Street official as its COO
Global asset manager PineBridge Investments has appointed of Michael Karpik as chief operating officer, according to a statement by the firm

Pacific Life rebrands asset management division and appoints CEO
Pacific Life has announced the rebrand of its asset management business to Pacific Global Asset Management and has appointed Kevin Byrne as chief executive officer

Former Morgan Stanley European loan trading head resurfaces on buy side
A Madrid-based manager has hired a senior loan specialist as it launches a new credit fund

SSGA appoints former Unigestion director in top business development role
State Street Global Advisors, the asset management arm of State Street Corporation, has hired Miles O’Connor as head of institutional for EMEA.

Fund placement specialist returns to Firstavenue as partner
Derek Dietrich rejoins FIRSTavenue as partner, after leaving the firm to start his own placement business 

Former KKR credit strategies head joins Angel Island
Lynette Vanderwarker, who had previously been leading the credit strageies group at KKR, has been appointed chief strategy officer at Angel Island Capital Management

Alcentra hires former BlackRock US loan and CLO chief
Alcentra has announced the appointment of Leland Hart as managing director and head of US loans and high yield

ICG names its first US-based non-executive director
Intermediate Capital Group (ICG) has announced the appointment of Amy Schioldager as a non-executive director, with effect from 25 January

Credit markets ignore geopolitical exposures, suggests Guggenheim
Global credit spreads have spent 2017 tightening, but markets may be ignoring certain risks, according to Anne Walsh, chief investment officer for Guggenheim’s fixed income unit

Debt managers spot opportunity as Australia’s banks face inquiry
Australia’s government announced a long-anticipated royal commission into the nation’s financial services sector on 30 November – and a credit market expert says the move could be good news for debt market participants

Engineering and construction: diversification leads to deepening debt
In trying to build a more global roster of clients, some construction companies may have dug a hole for themselves

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Multi-affiliate fund management firm names senior hire in Melbourne
Australasia-focused Channel Capital, a multi-affiliate house of boutique funds management business, has named a senior hire to lead its newest Australian office