New addition puts in top May return
A new entrant in Creditflux’s credit hedge fund was the best performer in May, as many funds struggled

Star fund wound down by Cohen & Company
Cohen’s award-winning Brigadier Capital hedge fund has been wound down

Volatile May takes toll on credit funds
Credit funds put in their worst performance of the year in May

Orchard takes on new principal as it eyes growth
A credit hedge fund manager with a presence in North America, Europe and Asia has added to its team by hiring a new principal

Hire marks new direction for Highbridge
Highbridge Capital’s hire of former Stanfield Capital partner David Frey last month marks a major change of direction for Highbridge

Small business programme boosts listed vehicles
PennantPark Investment recently became the latest business development company to apply for a licence from the US government to set up a small business investment company

Short play helps power Sancus’s low-vol credit fund
Sancus Capital Select Fund has performed strongly since its launch in August 2009

Why boring old BDCs are the new CLOs
A low-levered, 30-year old loan investment structure is fast becoming one of the hottest topics in credit Mike Peterson

Dublin-based team back with new CDPC
Moody’s assignment of provisional ratings to a planned credit derivative product company last month has sparked renewed interest in CDPCs

Ziegler wins fire power for acquisitions
A team of experienced structured credit professionals has gained a big boost in their efforts to create a major new player in structured credit

Redemption triggered credit fund manager transfer
Credaris’s decision to transfer management of the Credaris Credit Fund to Cairn Capital last month was triggered by a large redemption

Manager winds down long-short credit fund
A West coast hedge fund manager has closed down its credit hedge fund

Toro starts with a good run
A fund specialising in European mezzanine ABS has put in a strong early performance

Japanese credit specialist looks to build on strong track record
One of the only hedge funds to focus on the Japanese credit market is looking to take on new staff and expand

Chenavari eyes Ucits launch
Chenavari Investment Managers is hoping to become the latest credit hedge fund manager to launch a fund in Ucits III format

Credit manager returns money to investors after stellar run
A London-based manager has become the latest to wind down a distressed structured credit fund and return large gains to investors

Kempen joins credit hedge fund listing
A new addition to Creditflux’s listing of credit hedge funds this month is the Kempen Absolute Return Credit Fund

Niche EM credit hedge fund makes a strong start
One of the few hedge funds dedicated to a purely corporate credit strategy in emerging markets has put in a strong performance in its first two months

New improved TRS: now less likely to lead to blood stains
Banks that provide total return swaps on portfolios of leveraged loans are tweaking structures to ease investors’ worries about the market value triggers in these financing packages

CLO consolidation gathers pace as top tier manager throws in towel
A New York-based firm is set to become the biggest CLO manager to date to sell up

Structured credit funds go on strong run
This month sees the addition of several new funds to our listing of credit hedge

Tricadia eyes business development companies
Asset manager Tricadia Capital plans to expand its business through the purchase of a publicly listed vehicle

Babson brings teams together as distressed goes mainstream
Babson Capital’s mammoth bank loan group has joined forces with its high yield bond and distressed debt business

Successful bear trader makes new short credit call
A credit hedge fund manager is aiming to tap into the risk adverse mood among many investors by launching a dedicated short credit fund

Active funds outperform in long run
Although long-only high-yield funds delivered strong performance in 2009, actively traded long-short credit funds have outperformed them over the longer term