So much capital, so few deals: specialists fear for direct lending
No covenants, increasing leverage ratios and an outlook for rising rates means that direct lending is not all it's cracked up to be, according to several credit market participants

Hurdle rates topple as direct lenders look to boost fees
Some direct lending managers are lowering their hurdle rates in a bid to increase their fees

Direct lending head says market is overheating
A 2018 outlook report by KKR suggests now’s the time to reduce exposure to direct lending. This comes as another part of KKR goes on a direct lending fundraising spree

MidOcean nets $87.6 million in 12 months for credit opps fund
MidOcean Partners has raised more than $87 million in a year for its first Credit Opportunity IDF fund, regulatory filings indicate

SSGA reports healthy income and AUM boost in Q4 2017
In its earnings release yesterday, Boston-headquartered State Street Global Advisors reported a rise in net income to $687 million for fourth quarter 2017, up from $648 a year earlier – a 19.1% increase

US mid-market earnings grow 12.8% in Q4 2017, up from 4.9% in Q3
Earnings in the US middle market grew by 12.8% in fourth quarter 2017, while overall revenue grew by 11.5% during September and October 2017, according to a Golub report

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

Goldman earnings reveal 18% decrease in institutional client services revenue
The Goldman Sachs group has reported mixed results in its latest earnings release, revealing a dip in institutional client services revenue in 2017 compared to the prior year, but overall net revenues of $32 billion for 2017

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

Los Angeles pension fund looks to renew US loans relationship with Bain
A $15.7 billion Los Angeles pension fund is looking to renew its contract with Bain Capital Credit, according to investment committee board documentation

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

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

BlueBay fund loses over $50 million in 18 months
BlueBay’s Credit Alpha Long Short fund strategy has shrunk by over $50 million since May 2016, Creditflux understands

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

BDC reports $25.3 million increase in AUM
FS Investment Corporation (FSIC) has cited the “very competitive” nature of the credit market during its third quarter 2017 earnings release

Off-the-run credits help Wasserstein outperform US high yield
Buying discounted US high yield pays off for Wasserstein, which is the top-performing US high yield fund this year

Volatility management boosts Double Haven's Asian credit fund
Hong Kong's Double Haven has outperformed the US high yield market and exhibited less volatility this year through its Asian bond 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

EM local currency boosts Brandywine hedge fund
A switch to emerging markets has proved profitable for Brandywine

Black Diamond credit hedge fund joins Creditflux listings
Black Diamond Credit Strategies Master Fund is the latest addition to Creditflux’s growing hedge fund listings

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

Index curve trades boost LMCG credit fund
Credit index curve trades have boosted LMCG’s Serenitas Credit Gamma Master Fund