BBVA hires ex Credit Suisse managing director
BBVA has hired a new managing director to be head of its US financial institutions group for debt capital markets

Fund performance: CLO funds dominate top 10, but long-short and Ucits funds find places too
CLO funds made sure to end the year their way: once again they claimed most of the top performance spots. Six of the 10 best-performing funds in December have a majority of their assets invested in CLOs.

DLA Piper hires two partners for leveraged finance practice
Alan Rockwell and Heather Waters Borthwick have joined DLA Piper from Shearman & Sterling, and will both be partners based in New York. 

Canadian investment firm launches new credit fund
Mawer Investment Management has launched a new credit fund dubbed the Mawer Global Credit Opportunities Fund, which will be managed by portfolio manager Brian Carney

Muzinich launches investment-grade credit fund
Muzinich & Co. has launched the Muzinich Global Market Duration Investment Grade Fund, which will focus primarily on investing in global corporate investment grade bonds

New report finds 2023 a record year for alternative credit M&A
A new report on “Acquisitions of Alternative Credit Managers” by credit specialist Gapstow forecasts that more M&A activity lies ahead for credit firms as they struggle with the challenges facing the broader investment management industry

Credit PMs remain gloomy in latest IACPM survey
Survey participants in the latest IACPM Credit Outlook Survey believe the euphoria seen in global financial markets during the last few months of 2023 was overdone

Voya Investment brings in new CIO, fixed income from Morgan Stanley
Voya Investment Management has made some changes to its leadership team. The company is bringing in a new chief investment officer, fixed income, from Morgan Stanley as part of a wider reshuffle.

2023: a bumper year for CLO funds
It looks like 2023 will finish as a solid year for most credit funds, and an outstanding one for CLO funds. But funds pursuing corporate distressed strategies continued to struggle

Credit hedge funds
Credit hedge fund performance

Credit funds at a glance
Credit funds at a glance

HSBC AM launches revolving credit facility strategy
New approach will expand access to revolvers as a diversifier to traditional private credit strategies

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