Credit funds at a glance – April 2025
Our roundup of top performers and moves in credit

Cheyne Capital hires head of origination
Cheyne Capital Management has hired a new managing director, head of origination and trading, for the firm's strategic value credit unit

Paul Hastings taps nine attorneys from King & Spalding team
Paul Hastings has upped the ante on its expansion plans in the world of private credit and restructuring by hiring nine seasoned attorneys from King & Spalding

Bain Capital hires North American head of special situations from Brookfield
Boston-headquartered Bain Capital has hired a partner and head of special situations in North America, as well as head of corporate special situations in Europe

Ex-BlueMountain portfolio manager takes role at rival credit fund
An experienced distressed debt official has swapped one large credit manager for another in New York

Bluebay analyst joins distressed debt manager in London
London-based distressed debt manager picks up former BlueBay analyst  

Experienced credit analyst leaves Bain's distressed team in London
Bain has been one of the most active asset managers in the distressed credit space in recent years, but sources say that it has suffered  a setback with an experienced credit analyst said to have left in recent weeks

Ellington builds up in distressed after hiring portfolio manager from hedge fund
Ellington Management is enhancing its distressed credit team with sources informing Creditflux that the Greenwich-based fund manager has recruited another portfolio manager

European credit hedge fund shuts down after bank slashes credit exposure
Market sources say that a European credit hedge fund manager backed by National Australia Bank has closed down

Former Angelo Gordon CLO PM launches new distressed fund
A high profile credit portfolio manager has raised a fund for his newly-launched management company in New York

Former UBS big hitter steps backs from role at Sound Point
A credit industry veteran, who served as a leading figure at UBS, has parted company with New York-based Sound Point Capital Management where he was a portfolio manager

High yield and distressed debt specialists leave Nomura in New York
Three high profile figures have left Nomura's US high yield and distressed debt group over the last few days, according to sources close to the situation.

Leading distressed debt manager strengthens with Mount Kellett hires
A global credit giant has hired from firm which recently linked up with Fortress

BNP Paribas grows its distressed debt and loans team in London
French lender BNP Paribas has been growing its distressed debt and loan trading capabilities in London according to sources close to the matter.

High yield sales specialist jumps to buy side for trading role
Distressed debt manager poaches sales specialist for trading role in London 

Loan specialist quits Espirito Santo for distressed debt firm
In the most apt of job changes, a former Espirito Santo debt specialist joins non-performing loan platform in Portugal

Cohen hires distressed debt trader in London
Distressed debt trader leaves broker-dealer in London after two years 

Fast growing Imperial Capital hires distressed debt specialist
West coast bank hires distressed debt specialist for sourcing role in London 

Distressed debt trader exits UBS for boutique asset manager
New York-based distressed trader leaves sell side role for boutique credit manager 

Venor Capital hires distressed credit analyst from rival
Investment analyst switches New York hedge funds after a matter of months 

Bluecrest hires event-driven credit trader from rival hedge fund
London-based event driven and distressed trader switches asset managers in London  

Former Credit Suisse distressed debt head joins asset manager
Former head of European distressed credit trading at Credit Suisse resurfaces at US-based asset manager