Danish penion fund's credit portfolio returns to growth
ATP, the Danish pension fund, has generated a return of DKK 799m from its credit portfolio for the first three quarters of 2018, marking a recovery compared to the H1 negative return of DKK200m.  

IFM sets up office in Switzerland and appoints country head
IFM Investors, the Melbourne headquartered institutional investment manager with AUD113 billion ($80.1bn) of assets under management, has opened a new office in Zurich

LSTA asks for return of CLO bond buckets as part of Volcker reform
The Loan Syndication and Trading Association is advocating the return of high yield bond baskets within US CLO portfolios in what could be another sign of the shackles being loosened on CLO regulation in the US

Eaton Vance adds former Janus Henderson official as credit portfolio manager
Dónal Kinsella joins as institutional portfolio manager for the firm’s corporate credit strategies

Astaldi credit event auction will have two deliverables, says DC
Only two Astaldi bonds are deliverable into an auction to determine the final price of its credit default swaps, the Determinations Committee has indicated

Pension fund Velliv hires chief strategist
Velliv (formerly known as Nordea Life & Pension) has appointed Henrik Henriksen as chief strategist, which is a new role within the organisation  

Market rout drives US/Europe credit convergence, as Brazil leads Latin widening
Credit spreads have sharply widened globally as financial markets are being rocked by concerns for a trade war and rising US rates. An equity-led rout in the US yesterday afternoon

Correlation strengthening between company ESG factors and CDS spreads, says Hermes
There is a “significant correlation” between companies that have stronger environmental, social and governance (ESG) practices also benefitting from tighter credit default swap spreads, according to research from Hermes Investment Management

Amundi nurtures green growth with credit fund
The Paris-based manager is looking to raise a green-focused credit fund, according to documents seen by Creditflux

Pimco launches latest ESG-focused credit offering
Pimco has launched its latest environmental, social and governance (ESG) fixed income offering - GIS Global Investment Grade Credit ESG Fund.

UK pension fund adds portfolio manager for alternative credit
Pension Protection Fund, the south-London based pension fund, has appointed a portfolio manager to its credit team. He joins from consultancy firm Mercer

Astaldi triggers first credit event in iTraxx on-the-run indices for nine years
Astaldi has triggered a bankruptcy credit event, the Isda-hosted EMEA Credit Determinations Committee has ruled

Astaldi credit event question hangs in balance as EMEA DC meets
The fate of credit default swap contracts referencing Astaldi could be decided today, with the Isda-hosted EMEA Credit Determinations Committee meeting to decide if the Italian builder has triggered a bankruptcy credit event

Pension fund hires portfolio manager to oversee loan and CLO investments
PensionDanmark has hired a senior portfolio manager to oversee its credit investments

Finnish pension fund seeks portfolio administrator for illiquid investments
Finland's state pension fund is searching for a portfolio administrator to oversee its illiquid investments, which include private credit

August: fund performance
CLO spreads jumped wider in August, but funds that invest in these assets have been able to outperform

September: credit funds at a glance
White Oak Global Advisors held a $2.1 billion final close on a new direct lending fund, while Phil Raciti's move from CVC Credit Partners to Halcyon Capital Management was one of the biggest moves in the credit industry

Astaldi credit event question posed as its distress weighs on iTraxx Crossover
Astaldi, a constituent of iTraxx Crossover, has been referred to ISDA-hosted Credit Determinations Committees as a possible bankruptcy credit event – less than two weeks after the index rolled into a new series

HSBC Global hires two high yield portfolio managers in London
HSBC Global Asset Management has hired two experienced portfolio managers to join its fixed income team

Tesla CDS hits big bump on largely self-driven woes
Tesla Motors’ five-year credit default swap is at a widest-ever print of 21.3/23.3 points up front going into the week

GAM appoints former DWS official as global head of trading
Zurich-headquartered GAM Investments has appointed an ex-DWS trading head to the newly created role 

Invesco adds two fixed income ETF portfolio managers in London
Invesco has bolstered its European ETF fixed income team with two hires in London

Cairn makes ESG and senior credit research appointments
Cairn Capital has signalled its commitment to environmental, social and governance with the appointment of a head of ESG

M&G targets £250 million for UK-listed multi-strategy credit fund
M&G is targeting £250 million (£328.6 million) for a new closed-end investment trust, which will be listed in the UK

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure