T Rowe's fixed income head Wiese to step down
T-Rowe Price Group’s fixed income head Ted Wiese is to step down from his role as at 1 May 2019.  The firm has announced that Andrew McCormick will replace him

Pictet launches Asian corporate bond fund
Geneva-headquartered Pictet Asset Management has launched a Ucits-compliant Asian corporate bonds fund

79% of credit managers expect US high yield to widen, survey reveals
The International Association of Credit Portfolio Managers (IACPM) has revealed the results for its latest IACPM Credit Outlook Survey – and the outlook appears to be bleak

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

Pinebridge shifts away from investment grade credit
New York-based PineBridge Investments has reduced its investment grade credit allocation from 25% to 20% while increasing its appetite for emerging market credit

KKR and FS Investment close $18 billion BDC platform deal
New York-based KKR and Philadelphia-headquartered FS investments yesterday closed their deal to create the market's largest BDC platform

Strategic Partners' infrastructure fund closes at $1.75 billion
Blackstone’s secondary and fund solutions business, Strategic Partners Fund Solutions, has announced the final closing on the hard cap of $1.75 billion for Strategic Partners Real Assets II

Willis Towers Watson raises $620 million for two credit funds
Willis Towers Watson has launched a Group Trust with two credit funds, a spokesperson for the firm has confirmed.

BNY Mellon IM brings Insight bond fund on to its distribution platform
New York-headquartered BNY Mellon IM introduced a new multi-sector bond fund - BNY Mellon Insight Core Plus Fund - which will be subadvised by Insight Investment 

Anchorage wins $75 million ticket for global credit fund
A US pension fund has approved an investment in the upcoming Anchorage credit fund

AMP promotes three within infrastructure debt after fundraising success
Global investment manager AMP Capital has promoted three within its UK and US infrastructure debt team, which it says reflects the record growth of its business

EnTrustPermal makes senior hire in bid to expand aviation financing capabilities
New York-based EnTrustPermal becomes the latest asset manager to expand its aviation finance capabilities as it hires veteran aviation investor John Morabito 

Rockefeller hires ex-Morgan Stanley official as its head of credit
Independent financial firm Rockefeller Capital Management has hired Michael Brakey as head of credit and banking in the firm’s wealth management business

UK pension mega-fund to increase credit allocation following equity reduction
One of the UK's largest pension funds looks set to increase its allocation to credit after reducing its equity allocation by 15%

Western Asset Management puts emphasis on IG credit for listed fund
Western Asset Management Company has renamed its Western Asset Income Fund to Western Asset Investment Grade Income Fund

Manchester pension fund awards Stone Harbor £1 billion multi-credit mandate
A £21 billion UK pension fund has appointed global fixed income specialists Stone Harbor Investment Partners to manage a £1 billion multi-asset credit mandate

Chorus launches third credit fund for reg cap strategy
Reg cap specialistChorus Capital has launched its third credit fund, according to SEC filings seen by Creditflux

WisdomTree reaps benefits of "transformative" 2017 with strong earnings release
The ETF specialist revealed an 18.4% year-on-year AUM growth and fixed income inflows in its latest earnings presentation

GSAM poaches AB’s Ashish Shah as global corporate credit head
Goldman Sachs Asset Management's fixed income team has hired Ashish Shah as partner and head of global corporate credit, according to an internal memo seen by Creditflux

Demand for IG outweighs HY as US credit manager launches two funds
A west coast asset manager has launched a high yield strategy and an investment grade fund. The IG option has been more popular thus far

Fidelity launches investment grade bond fund
Toronto-based Fidelity Investments Canada ULC has launched an investment grade total bond fund in a bid to provide investors with a "fixed income solution that is flexible and can target multiple sources of income"

BlackRock's AUM increases 22% in a year as ETFs contribute to growth
BlackRock’s assets under management have surpassed $6.2 trillion following “a record year” for the firm in 2017, company officials said in a recent earnings call

JP Morgan AM continues ETF expansion with three new hires
Following three senior hires to its ETF business last year, JP Morgan has shown its commitment to its ETFs business with three more hires