Morgan Stanley's fixed income sales dramatically dip in Q4 earnings report
Morgan Stanley's sales and trading net revenues took a dip in 2017, with fixed income net revenues in particular down 31% compared to 2016 figures

European direct lending up 34% in recent quarter: Deloitte report
Direct lending in Europe continues to boom, according to the latest Deloitte deal tracker, which found a 34% growth of direct lending deals in third quarter 2017 alone compared to third quarter 2016

Trailblazing ethical investment fund from Rathbones passes £1 billion
Well before ESG (environmental, social and governance) investing became a buzzword, a Rathbones-managed fund was investing in ethical companies. Now that vehicle – Rathbone Ethical Bond fund – has passed £1.03 billion

Credit markets ignore geopolitical exposures, suggests Guggenheim
Global credit spreads have spent 2017 tightening, but markets may be ignoring certain risks, according to Anne Walsh, chief investment officer for Guggenheim’s fixed income unit

PDM liquidates CLO funds after 20% per year returns
Permira Debt Managers is liquidating two structured credit funds after generating strong returns

Private debt performance shines in institutional investing study
A quarter of institutional investors say private debt outperformed their expectations over 12 months to 28 August 2017

Hedge fund with US and UK offices to shutter following poor performance
The New York-based firm, which invested in a range of strategies including long/short liquid credit, is shutting down and returning all capital to investors

New European credit firm hires investor relations head from CQS after strong start
A recently-launched fund manager has hired from CQS after raising roughly €100 million for its debut credit opps fund

Marathon fund doubles assets in six months
Marathon's Emerging Markets Bond Fund substantially increased its assets between March and September – more than doubling its AUM, according to estimated figures

Axa unwinds short-maturity CLO fund as 1.0 universe dwindles
Axa Investment Managers has recently wound down a fund designed to take advantage of a short-term opportunity in ageing CLO debt tranches

New credit fund manager Caius posts 20%-plus returns for 2017
Recently launched credit fund manager Caius Capital has put in spectacular returns so far in 2017, according to investor sources

Debtwire ABS round-up: euro RMBS spreads reach new tights
Spreads have been tightening across the structured credit market; a weekly round-up by Debtwire highlights how an RMBS deal, Residential Mortgage Securities 30, priced at the tightest levels since the financial crisis

Global raters dodged a bullet from the “Catalan Madoff”
At least one global rating agency dodged a bullet by declining to rate a Spanish fund backed by small and mid-market loans that is now being put into liquidation

Scio liquidates structured credit fund after posting 11.5% returns
London-based structured credit specialist manager Scio Capital has announced that is liquidating one of its funds and returning capital to investors

There are reasons to be upbeat, MEP tells securitisation specialists
IMN's 21st Annual Global ABS conference opened yesterday on a note of cautious optimism for the European securitisation market

French financial trades boost European credit hedge funds
Credit hedge funds that play in European financials have posted big gains on French bank credit ahead of this month’s presidential elections.

Alva's 'disruptive' fund joins Creditflux listings
A London-based manager is making waves with a tech-focused credit fund

Prytania fund registers big gains after transitioning from CLO debt to equity
Prytania Investment Advisors has continued its impressive start to 2017

Avenue to call it a day in European direct lending
Avenue Capital Management has pulled the plug on its European direct lending business

Capital Four targets loans ahead of CLO technical
Copenhagen-based hedge fund manager Capital Four says its credit opportunities fund is shifting further into leveraged loans to take advantage of a strong bid by warehousing CLOs

Capital Four makes gains as Takko revives
Capital Four Management’s credit opps fund makes a strong start to 2017

Eiffel long-short fund joins Creditflux listing
Eiffel Credit Opportunities fund has been added to the Creditflux credit hedge funds table under the relative value category

West coast scheme leads US pension fund switch into European credit
US public pension funds are switching allocations into European credit strategies