Blackstone to close multi-strategy fund after assets fell nearly 90%
Blackstone plans to shut down its Blackstone Diversified Multi-strategy Fund by the end of the year after assets within the fund declined by nearly 90% in the last four years

BlueOrchard launches impact credit fund
A new BlueOrchard impact credit fund promotes financial inclusion and adds to the market's growing list of ESG-related investment opportunities

Credit hedge funds
Hedge fund performance tables

Credit funds at a glance
Fund performance; people hires; fundraising 

ESG initiatives should avoid unfavourable reactions by pursuing substance over form
By any financial measure, the collaboration of trans activist Dylan Mulvaney with Bud Light hurt the brand. What was formerly America’s best-selling beer saw its market share collapse — from over 35% in May 2023 to around 9% in June — because of a boycott by US conservatives after a 60-second TikTok video aired of Mulvaney drinking it.

Corvid Peak closes on acquisition of long/short credit fund Coherence Capital
Corvid Peak Capital Management has completed the purchase of credit fund Coherence Capital Management's investment team

Millennium Advisors reveals new global head of US credit trading
New head of US credit trading is the latest in a string of senior-level new hires at the firm.

Fund performance
Positive August for credit sees CLO funds on top again

Credit hedge funds
Credit hedge funds performance data

Point72 hires credit investment veteran for portfolio manager role
The new hire will join the firm's macro business team

Blackstone combines credit and insurance divisions in major reorganisation
The newly-created BXCI unit will be led by Blackstone veteran Gilles Dellaert and aims to grow assets under management to $1 trillion over the next decade.

Societe Generale teams up with Brookfield for €10 billion private debt fund
New fund launched with €2.5 billion of seed funding and plans to reach their target over the next four years

Fed members need to restore their credibility, which could translate into excessive tightening
Rising wages have boosted spending and GDP — but the party can’t last forever

Credit funds at a glance (September 2023)
A round-up of people moves and fund raising  

Credit hedge fund returns (September 2023)
Credit hedge fund returns  

CLO funds are hot in summer as they take nine spots in top 10 (Fund performance)
CLO funds took the lead through summer as the returns of the category index reached 1.88% and 3.18% in June and July, respectively. Both months saw a CLO fund as the top performer — Sound Point Meridian in June, and Oxford Gate Master Fund in July.

CSAM loses senior credit portfolio manager
Credit Suisse Asset Management rearranges its asset management team after long-time bond fund manager exits

Walleye Capital adds credit volatility portfolio manager from Squarepoint Capital

Minnesota-headquartered Walleye Capital has hired a new portfolio manager specializing in credit volatility

Santander taps Credit Suisse dealmaker

Santander Corporate and Investment Banking hires new managing director from Credit Suisse

Hayfin secures its largest private credit fundraise to date with €6 billion in commitments
Hayfin's latest private credit fundraise exceeds target goals, securing more than €6 billion in capital commitments

Houston Police Officers' Pension System commits nearly $38 million to credit fund
Houston Police Officers' Pension System approves nearly $38 million for credit fund

Neuberger Berman secures £2 billion mandate for credit fund
One of the UK's largest pension funds has awarded Neuberger Berman a £2 billion mandate for credit

Edmond de Rothschild adds new co-manager to credit fund

Edmond de Rothschild adds additional fund manager to credit fund. 

Channel Capital hires new head of originations for US fintech partnerships
Channel Capital names new head of originations for US fintech partnerships. 

Illiquid assets are increasingly hot in the private markets according to Aeon survey
Illiquid assets may offer protection against macro uncertainty, according to findings from a new survey.