Carlyle Aviation appoints new managing director
The $5.6 billion recently acquired unit of asset manager Carlyle Group has appointed a new managing director and co-head of aviation  

Credit pickers will win as high yield spreads widen in 2019, predicts Citi
After a volatile 2018 in the credit derivatives market, there are reasons to be optimistic this year for the best credit pickers, according to Citi’s global credit derivatives outlook

Global Atlantic hires deputy CIO
Global Atlantic Financial Group has appointed Anup Agarwal as Deputy Chief Investment Officer.  

Majority of investors seek to increase private credit allocations, BlackRock survey reveals
Over half of investors plan to increase their allocation to private credit in 2019, according to an institutional client rebalancing report published by BlackRock

JP Morgan AM's global fixed income chief steps down
JP Morgan Asset Management’s global fixed income and currency and commodities group chief investment officer has departed the firm, a spokesperson has confirmed

Parker Drilling CDS auction deliverables trade in low 50s
There will be two deliverable obligations into an auction to settle credit default swaps referencing Parker Drilling, the Americas Credit Derivatives Determinations Committee has decided

Eversheds Sutherland promotes debt specialist to partner
Eversheds Sutherland has promoted one of its Washington based lawyers to partner

Sears CDS squeeze is different to Hovnanian manipulation, say Cyrus' lawyers
Matters at the heart of an industry tussle over Sear Roebuck Acceptance Corp credit default swaps are entirely different in nature to the “narrowly tailored credit event” concerns that arose with Hovnanian, lawyers speaking on behalf of Cyrus Capital Partners have claimed

CDS auction rules fight looms as Determinations Committee meets on Sears
The Americas Credit Derivatives Determinations Committee will meet tomorrow (3 January) to make what could be a landmark decision on credit event auction rules, amid a heated industry battle over bankrupt US retailer Sears Roebuck Acceptance Corp

Rockefeller partners with iCapital to expand into alternatives
Rockefeller Capital Management has partnered with financial technology platform iCapital Network, to increase its exposure to alternative investments

I liked it when banks could hold risk and actually had inventory to shift
Louis Gargour, CIO of LNG Capital, takes our credit quiz

Loan volumes fall in Europe but rise in US
European CLO managers seem to be eating into the loan market with more appetite than their, US counterparts, who are perhaps spoiled for choice. But background risks lurk in both markets

US regulation drives insurance money towards credit ETFs
Institutional investors are increasingly allocating to credit exchange-traded funds (ETFs), but their motivations are changing. These vehicles are famed for their liquidity, but several investors are said to be pouring money into them for the long term amid regulatory changes which have made ETF investments more favourable

Past returns: Bond buckets are pipedreams, right?
Five years ago in Creditflux we reported that Webster Bank’s CLO tranche investor Francis Mitchell had created a working group in response to the Volcker rule determining that regional banks could no longer invest in CLOs with bond buckets

Finding the hidden value in success
Learning from one’s mistakes is often cited as key to professional development. However, widening this perspective and paying attention to things that go well can further improve performance

Sears CDS battle heats up as DC challenged to change auction rules
A high profile battle over Sears Roebuck Acceptance Corp credit default swaps has taken a new turn, with one market participant challenging the Americas Determinations Committee to change its rules to avert price manipulation by another market participant in the bankrupt retailer's credit event auction

Stone Harbor appoints co-CIO and high yield co-heads
Stone Harbor Investment Partners, the New York headquartered credit fund manager, has opted to share out its chief investment officer responsibilities

GSO co-founder plans new credit business
GSO Capital Partners co-founder Tripp Smith is launching his own credit management firm, according to a report by Bloomberg

Sear-iously? Isda slams ex-CFTC commissioner over CDS "hyperbole"
The International Swaps and Derivatives Association has waded into a gathering furore over Sears Roebuck Acceptance Corp credit default swaps

Cash-CDS basis set for comeback after "falling knife" mishap, predicts BNP Paribas
The beginning of 2019 should revive interest among credit investors to trade the basis between cash bonds and credit default swaps, according to BNP Paribas strategists – following what they term “falling knife” dynamics in this year’s fourth quarter

Sears CDS settlement extends to 2019 as external review teams line up
Holders of Sears Roebuck Acceptance Corp credit default swaps will have to wait until at least 7 January to resolve the contracts, with an external review decision on deliverables into the defaulted borrower’s credit event auction slated for 21 December

Plymouth County pension fund seeks high yield managers
Plymouth County Retirement Association has launched a request for proposal and is searching for managers to oversee a $35 million high yield fixed income portfolio.

FS hires ex-JP Morgan AM official to lead business development
FS Investments has appointed an experienced official to drive the firm’s growth

Loomis Sayles plans alternatives interval fund
Loomis Sayles is looking to launch an interval fund focused on alternative asset-based opportunities, according to 4 December US regulatory filings

Creditex obtains CFTC swap execution facility exemption
Creditex, the electronic brokerage for corporate bonds and credit default swaps, has been granted an exemption from a requirement to register with the US Commodity Futures Trading Commission as a swap execution facility