Tracking down the credit industry’s original winners
All winning managers at the first Creditflux awards survived the crisis, under their own names – like BlackRock – or under new owners. But what happened to the people who collected the trophies?
 

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

BlackRock's iShares contribute to strong AUM growth despite volatile quarter
BlackRock has reported a 17% year-on-year growth in AUM at the end of first quarter 2018, as well as a 28% year-over-year growth in first-quarter earnings

Structured credit specialists seek future-proofing in direct lending
At the turn of the last credit cycle, structured credit recovered spectacularly – but credit managers today seem to be gravitating towards private credit as the area to pick up excess returns in a downturn

CSAM in contention for US and European CLO honours
Credit Suisse Asset Management, CVC Credit Partners, Spire Partners and Sound Point Capital Management are among the CLO managers that have secured multiple finalists positions at this year’s Creditflux Manager Awards

CLO managers give blessing to Morningstar
“Our methodology is extremely transparent and our turnaround is extremely quick" - Morningstar's Brian Grow describes the company's ascension into the CLO market

Credit Suisse fund to liquidate following underperformance
Credit Suisse is liquidating the Credit Suisse Commodity Access Strategy Fund, which invests mostly in bonds

Structured credit investors look beyond US RMBS
Re-remic, re-performing loans, non-performing loans and single family rental securitisations have come into favour as non-agency RMBS issuance dries up

Direct lenders pile into "turbocharged" market as fundraising skyrockets: report
Growth in the direct lending market in the 12 months to 31 December was “turbocharged,” growing robustly in the fourth quarter 2017 in particular due to a consistently growing Eurozone economy, according to Deloitte

Canadian real estate specialist reveals a year-on-year drop in assets
Terra Firma Capital Corporation has released its 2017 end-of-year financial statements, which reveal an overall drop in assets from CAD$146.7 ($114) million to $143.5 ($111.5) million at the end of 2016 and 2017, respectively

Canada’s Fiera generates 10% AUM growth in 2017
Montreal-based asset manager Fiera Capital Corporation has increase its assets under management by 10% year-on-year and grown its annual revenues by 33% on a year-over-year basis, its latest financial report reveals

Oak Hill BDC's assets continue to nosedive as board explores options
As it continues to bleed assets, Oak Hill Advisors’ direct lending business development company (BDC) has jettisoned the last of its energy assets

Bonds climb as the Dow tumbles amid Trump sanctions on Chinese imports
Investors are seeking safety in government bonds

BlackRock cuts Pine River from its sub-advisory role on alternatives fund
Following a wave of departures, Pine River has suffered another blow, with BlackRock removing it as the sub-advisor to one sleeve of a $100 million multi-strategy fund

Transamerica to liquidate bond fund run by Loomis Sayles
Transamerica Asset Management has revealed plans to liquidate its $196.8 million Transamerica Bond, which has been subdadvised by Loomis, Sayles & Company since 2007

Join the debate: flippin' heck, you're distorting the CLO market
After our report on a CLO investor flipping 2018 bonds before the deals had even closed, one reader pointed out that this "masks true demand"

Cheyne generates double-digit returns for hedge funds
Cheyne Capital has delivered with two credit hedge funds that have reached their maturity

Synthetic CDOs seek to follow CLOs
Growing issuance, interest in longer maturities and the emergence of a secondary market are encouraging dealers to believe that bespokes are on the road to acceptance. By Sayed Kadiri

Sharp decreases mar THL direct lending BDC's latest financial results
THL Credit has reported a decrease in net assets from operations and net investment income in its newly released financial results, but chief executive Christopher Flynn remains "confident" in the underlying value of the direct lending business

Ares Reit reports year-on-year dip in earnings amid leadership change
The Ares Commercial Real Estate Corporation has announced a changed in leadership – and has reported mixed results for fourth quarter 2017

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

FS Investment BDC's assets shrink for fifth year running
FS Investment Corporation, an FS Investments business development company (BDC), failed to grow its assets again in 2017 – but insists its recently announced partnership with KKR will allow it to grow stockholder value

Carlyle’s direct lending BDC hits $2 billion, buoyed by inflows to credit fund
Carlyle’s Group’s direct lending business development company, TCG BDC, has announced a net increase in assets of $27 million for the most recent quarter

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

Och-Ziff’s multi-strategy funds continue to bleed assets
The embattled hedge fund firm’s AUM is down 14% year-on-year, and its multi-strategy assets – which sat at $31.8 million at the end of 2013 – were down to $13.7 billion in December 2017