Wells Fargo AM chief Norris to retire
Wells Fargo Asset Management's Anthony Norris - managing director, chief investment officer and senior portfolio manager - is set to retire from the fund management industry in October

Distressed debt outperforms as Texas pension fund's credit strategies gain 11.2%
Texas County and District Retirement System (TCDRS), the $30 billion pension fund, generated 11.2% annualised returns from its credit portfolio for the year ending 30 June. Distressed debt was a major positive, but IG credit lost value

Partner leaves Cheyne after five years at the firm
A marketing official, who has covered loan funds and synthetic credit strategies, has left Cheyne

Mediobanca hires experienced credit trader to build out loan franchise
Mediobanca has appointed an ex-Deutsche Bank senior credit trader as head of loan trading

BNP Paribas hires global credit strategy head
BNP Paribas has appointed a global head of credit strategy and desk analysts.

New York manager prepares interval credit fund launch
A structured credit fund manager is joining the interval fund rush 

BNP Paribas hires experienced structured credit trader in London
BNP Paribas has hired structured credit trading specialist James Moi to its business in London  

Cheyne more than doubles assets for credit fund in five months
Cheyne Capital has more than doubled assets for Cheyne Total Return Credit Fund December 2023 – in the space of just five months

Private debt tops the tables for Industriens Pensionsforsikring
Industriens Pensionsforsikring, the DKK164.5 billion ($25.7 billion) pension scheme, generated a 1.6% return from its private debt portfolio, according to its mid-year 2018 results

Clifford prepares its first infrastructure CLO
Clifford Capital is preparing to price its first ever CLO transaction, which is expected to close in July 2018, according to a Moody’s pre-sale report

Portfolio managers continue to be pessimistic on credit outlook, survey finds
A survey by the International Association of Credit Portfolio Managers states that 56% respondents believe average corporate default rates will increase over the next 12 months 

German asset manager launches CLO-focused Ucits fund
UniInstitutional Structured Credit, managed by Frankfurt-headquartered Union Investment, will invest in a portfolio of securitisations, with a strong focus on CLOs  

BlueBay aims to capitalise on volatility with diversified alternative credit fund
The new Icav QIAIF will invest in a range of sub-strategies including global credit alpha, global long/short, event driven credit and emerging market credit alpha

Sound Point and American Beacon team up for credit interval fund
American Beacon Sound Point Enhanced Income Fund will invest in a variety of credit-related instruments - with at least 40% bank loans exposure

IFM looks set to launch infra debt fund for Korean institutional investors
IFM Investors and KDB KIAMCO are looking to launch their second joint infrastructure debt fund – this time, targeting Korean institutional investors

Brown Brothers Harriman expands fixed income capabilities with new mutual fund
New-York headquartered Brown Brothers Harriman & Co (BBH) has expanded its fixed income capabilities with the launch of its new debt fund - BBH Income Fund

BlackRock seeks $1 billion for new multi-strat opportunities fund
The new trust will invest at least 80% of its assets in fixed income securities and up to 40% in special situations, SEC filings reveal 

OppenheimerFunds launches second interval fund
Following an private credit interval fund launch with Carlyle earlier this year, Oppenheimer has decided to stick with the interval fund structure, this time investing in insurance-linked securities

Sydney-based Perpetual launches ethical credit fund
Sydney-headquartered Perpetual Investment Management has today unveiled the launch of an ethical credit fund, to meet investor demand for ethical and socially responsible fixed income assets

Amundi launches new ESG-focused corporate bond ETF
Paris-based Amundi has expanded its fixed income range with the launch of a new socially responsible 'Ucits ETF', the firm announced yesterday

Hermes launches £185 million unconstrained credit fund
London-based Hermes Investment Management has launched a new Ucits-compliant unconstrained credit fund - which will include pricing ESG risks

BlueBay hires former Henderson credit head
Fixed income specialist BlueBay Asset Management has appointed former Henderson credit head Stephen Thariyan to a newly created role of co-head of developed markets

San Francisco pension fund to deploy up to $4.5 billion in private debt
The City and County of San Francisco Employee’s Retirement System has revealed details of its new private debt pacing plan - which will see it deploy up to $4.5 billion and partner with up to 25 private debt managers over the next six years

CIFC gets in on interval fund phenomenon with new CLO-focused strategy
The new vehicle will invest at least 80% of its net assets in debt securities, with a focus on CLO equity, mezzanine tranches and warehouses, US SEC filings reveal

Destra and BlueBay team up to launch credit interval fund
Destra has become the latest manager to launch an interval fund - Destra International & Event-Driven Credit Fund - which will focus on two strategies: multi-strategy international credit  and event driven credit.