Ex-Millennium credit chief to start new hedge fund following Englander dispute
Former Millennium Management credit chief Michael Gelband will start a long-anticipated hedge fund known as ExodusPoint Capital Management, in the next six months, according to a Bloomberg report

Dyal purchases minority stake in Cerberus's mid market credit unit
Neuberger Berman affiliate Dyal Capital Partners has purchased a minority stake in Cerberus Business Finance (CBF), the middle-market direct lending unit of Cerberus Capital Management

Investment grade loans specialist joins MUFG in New York
Robert Danziger has joined MUFG to focus on US investment grade loans, according to an announcement by the bank

Carlyle poaches Varagon official as it strengthens private credit team
Carlyle Group has made a senior-level hire to its private credit group in New York with the firm adding managing director Inoki Suarez to its ranks

Ares promotes credit veteran to CEO
Ares Management has appointed Michael Arougheti as its chief executive officer. Arougheti is one of the founders of Ares and is also a partner in the firm’s credit business

Angelo Gordon names two new co-CIOs
Angelo Gordon has appointed two new co-chief investment officers, according to a letter seen by Creditflux

Aviation investment specialists land at GAT to start leverage finance unit
A Florida-based aviation specialist has announced the launch of its Leveraged Finance Group (LFG), which will provide secured aircraft financing for lessors, investors and airlines, according a recent press release

Direct lender founder Isaly stepped down following sex harassment allegations: report
OrbiMed’s founder Samuel Isaly stepped down from his role at the healthcare-focused firm following sexual harassment claims against him, according to claims reported by Stat News

Calpers executive set to leave the pension fund to rejoin Franklin Templeton
Wylie Tollette is leaving his role at the California Public Employees’ Retirement System (Calpers) to return to Franklin Templeton Investments, with his last day at the pension fund set for 5 January

Direct lender founder to step down and be replaced by three-person committee
New York-based healthcare private lender OrbiMed Advisors has announced that its founder and managing director, Samuel Isaly, will step down after almost 20 years with the firm  

Manager adds to its private credit team and holds final close on new fund
Toronto-based Northleaf Capital Partners has announced the final closing of its global private credit fund, as well as two senior hires from Bain and HIG Capital in Chicago

GSAM loan portfolio manager joins fund giant for high yield role
A long-time loan PM will turn his attention to investing in high yield bonds for a firm with $4.5 trillion under management

THL Credit co-founder resurfaces at insurer's private credit arm
Sun Life Investment Management has announced the appointment of Sam Tillinghast as president of its US private credit unit

California manager drafts in former KKR vice president as CFO
A west coast firm has hired KKR's former vice president of finance. He will step into the role of chief financial officer as well as chief compliance officer

Former IR head at Minnesota alternatives firm re-emerges at Castlelake
An investor relations director who worked at an alternatives manager until April has resurfaced at another alts firm in Minneapolis, Creditflux has learned

Industry veteran tapped to lead Wells Fargo middle-market team in Houston
Wells Fargo's middle-market banking team has named a new vice president, who previously launched the banking firm's New Orleans office

Credit Suisse brings in structured credit veteran to business development role
Credit Suisse has strengthened its securitised products team in New York, hiring a business development official to a team led by global structured credit head Jay Kim

SEC names deputy director for its investment management unit
The SEC has appointed Paul Cellupica as deputy director for its division of investment management

CSAM closes unit it launched to take minority stakes in hedge fund managers
Credit Suisse Asset Management is unwinding Anteil Capital Partners, the private equity unit it set up to take minority stakes in hedge fund firms, according to a market source

Investment funds lawyer joins Ropes & Gray in Boston
Law firm Ropes & Gray has appointed Keren Rimon –formerly of from Harvard Management Company – as counsel in the firm’s private investment funds practice in Boston

Highland appoints chief strategy officer with Washington and Wall Street know-how
Highland Capital Management has expanded its executive leadership team by announcing a new chief strategy officer and head of thematic investing

Apollo's credit chief Zelter takes on new role as co-president
Credit veteran James Zelter been elevated to co-president at Apollo Global Management

WhiteHorse names three new direct lending-focused managing directors
WhiteHorse Capital, the credit arm of HIG, has named new managing directors in Stamford, Dallas and Chicago

LStar's Gerson joins FS as head of private credit
Asset manager FS investments has announced that Brian Gerson has joined as head of private credit

Värde announces senior hire from Neuberger Berman
Värde Partners has announced the appointment of Ria Nova as head of its Americas business development and investor relations team