AB reports highest AUM since 2008 as it launches BDC
The firm generated total net inflows of $4.5 billion for the quarter, a big improvement from the $15.3 billion in the outflows in last year’s third quarter

Institutional investors look to step up allocations to Ucits funds, finds EY
Institutional investors are eager to allocate more capital towards Ucits and similar European registered funds – but they may struggle to source a sufficient number of opportunities in this space

BNY to merge three of its asset managers
BNY Mellon Investment Management plans to merge three of its managers into one entity that will oversee $560 billion in assets

Alarm maker's consent fee gambit attracts attention
Bond holders agree covenant waiver to let Hellman & Friedman carry out huge dividend refi  

BDC reports $25.3 million increase in AUM
FS Investment Corporation (FSIC) has cited the “very competitive” nature of the credit market during its third quarter 2017 earnings release

Global manager's credit opps fund raises more than $15 million
Aegon USA Investment Management has raised $15.25 million for a credit opportunities fund, a regulatory filing reveals

Fixed income inflows boost Legg Mason
Baltimore-headquartered Legg Mason has reported inflows of $7.9 billion for its fixed income business in the quarter ended 30 September, according to a recent earnings call

Manager shaves fees on corporate bond ETF amid ongoing price war
A large manager has dropped expense ratio on a corporate bond ETF, making the product about half as expensive as some ETFs from rival firms

First Trust launches muni high income ETF
An Illinois-based firm has launched a new exchange-traded fund (ETF) that invests primarily in municipal debt securities

Closed-end fund Great Elm takes direct hit from falling satellite credit
Listed credit vehicle Great Elm Capital suffers income mismatch as largest position pays-in-kind

Wealth manager raises $119 million for credit fund
Los Angeles-based boutique investment firm raises $119 for credit opportunity fund 

Canadian energy fund to change purpose and convert into ETF
Toronto-based Purpose Investments' Energy Credit Opportunities Income Fund, currently subadvised by Lazard, is poised to convert to an ETF and rebrand as Redwood Energy Credit Fund

BlueBay launches Ucits bond fund
BlueBay Asset Management has launched a new global fixed income fund, with an eye on wealth managers

Värde announces senior hire from Neuberger Berman
Värde Partners has announced the appointment of Ria Nova as head of its Americas business development and investor relations team

New York manager raises $75 million for alternative credit fund
Global Alternative Credit Fund has raised $75 million since 2016

Wells Fargo rewards CLO veteran with another promotion
Wells Fargo has appointed Mary Katherine DuBose as head of debt capital markets effective immediately

Off-the-run credits help Wasserstein outperform US high yield
Buying discounted US high yield pays off for Wasserstein, which is the top-performing US high yield fund this year

Volatility management boosts Double Haven's Asian credit fund
Hong Kong's Double Haven has outperformed the US high yield market and exhibited less volatility this year through its Asian bond fund

Fund manager with UHNWI following raises $25 million for long-short credit
An asset manager based in Florida, which has successfully sold credit funds to ultra high-net-worth individuals, has rased $25 million for a long-short credit fund

US investors allocate over $100 million to BlueBay credit fund
BlueBay Asset Management has picked up over $100 million of commitments from US investors for its total return credit fund

Alcentra continues hot fundraising streak with new global credit offering
BNY Mellon subsidiary Alcentra has attracted $140 million for a corporate credit fund

Asset management giant T Rowe Price gets boost from high yield
Baltimore-based T Rowe Price also boosted its AUM by $44.3 billion and net income by $63.1 million in third quarter 2017

Monroe's latest private credit fund reaches first close at $204.8 million
The firm's newly launched Private Credit Fund III is inching closer to its $800 million target

Sound Point fund sees inflows of $740 million over 12 months
A Sound Point Capital Management fund is creeping closer to an expected $1.25 billion soft close

Carlyle's co-founders step down as new leadership team is unveiled
The group names two Co-CEOs and a Co-CIO – but claims its three co-founders will continue to be actively engaged at Carlyle