Credit funds at a glance (June 2020)
A round-up of fundraising and people moves

BTIG hires strategist to cover US and European financials
Nandana Shenoy has joined BTIG in New York to work as a strategist covering US and European financials, according to an announcement by the brokerage

Managers have leeway even after triggering key person event, finds Ropes & Gray
Almost all credit managers offer protection to investors that key employees will continue to manage the fund’s assets throughout its life, with 95% credit funds containing such "key person clauses". But that does not mean managers have their hands completely tied

Franklin Templeton reorganises long-short credit fund team
Asset manager Franklin Templeton Investments will make changes to the portfolio managers for the Franklin K2 Long Short Credit funds, effective from October

Goldman Sachs creates sustainable finance group
Goldman Sachs has launched a sustainable finance group, to deliver sustainable growth solutions to the bank’s clients, according to documents seen by Creditflux.  

Barclays rehires high yield credit trader from Goldman Sachs
A high yield specialist has become the second credit trader in as many months to rejoin Barclays from Goldman Sachs

JP Morgan AM names CEO with Willcox set to leave
JP Morgan Asset Management’s chief executive officer Chris Willcox will step down from his job at the end of the year, according to an internal memo seen by Creditflux

Credit Suisse adds special situations trading head among raft of hires
Credit Suisse has continued to build momentum in its credit business with the hire of a managing director to head special situations and loan trading with its Europe, Middle East and Africa credit products business, following on from nine others across its London and New York credit business

BlackRock names global alternatives head amid senior leadership shake-up
BlackRock has reshuffled its leadership and made several senior changes across various parts of its business, according to an internal memo seen by Creditflux

New manager Resco lands ex-credit head to found advisory board
Resco Asset Management, a London based asset manager set up last year, has appointed the first of an anticipated three advisory board members

Lazard appoints co-heads of sustainable investment and ESG
Lazard Asset Management has appointed co-heads of sustainable investment and ESG across both sides of the Atlantic 

Värde names co-deputy CIO and two partners
Värde Partners has announced the promotion of its global head of private debt, transportation and energy to deputy chief investment officer 

JP Morgan AM's global fixed income chief steps down
JP Morgan Asset Management’s global fixed income and currency and commodities group chief investment officer has departed the firm, a spokesperson has confirmed

GSO co-founder plans new credit business
GSO Capital Partners co-founder Tripp Smith is launching his own credit management firm, according to a report by Bloomberg

UBS AM hires PM to infra debt team as it nears final stages of fundraising
UBS Asset Management has recruited portfolio manager Viktor Kozel to its real estate and private markets business. Speficially, he will work within the infrastructure debt team as the firm goes about fundraising for Archmore Infrastructure Debt Platform II  

Eaton Vance adds former Janus Henderson official as credit portfolio manager
Dónal Kinsella joins as institutional portfolio manager for the firm’s corporate credit strategies

Loomis Sayles makes global fixed income senior role changes
Kenneth Buntrock, portfolio manager and co-team leader of the global fixed income team will retire in March 2019  

Baker McKenzie adds two global finance partners in London office
Global law firm Baker McKenzie has bolstered its finance team with the addition of two partners in the London office

TwentyFour expands into US with head of US credit appointment in New York
TwentyFour Asset Management has appointed David Norris as head of US credit to lead the firm’s expansion into the US

Partners Group promotes Layton to co-CEO as Rubeli steps down
Partners Group has announced that David Layton, partner and head of private equity, will succeed Christoph Rubeli as the firm’s co-chief executive officer, effective 1 January 2019

Alcentra appoints Rajguru as global chief investment officer as Hatfield retires
Alcentra has appointed Vijay Rajguru as global chief investment officer effective 2 July 2018, a spokesperson for the company has confirmed to Creditflux, following Paul Hatfield's decision to retire from the firm at the end of the year

Credit Agricole hires head of US credit trading and head of ABS syndicate
Credit Agricole has strengthened its US credit platform by hiring Anatoly Nakum as head of credit trading for the Americas, and Beth Starr as head of ABS syndicate for the same region

Investcorp names new co-CEO
Alterative investment manager Investcorp has announced that Hazem Ben-Gacem will become co-chief executive officer, joining current co-CEO Rishi Kapoor

Prytania lands in the US with MD hire to New York office
London's Prytania Asset Management has hired Fahd Basir as managing director to lead its New York office

SSGA appoints global head of institutional group
State Street Global Advisors has appointed former APAC head Lochiel Crafter as head of its Global Institutional Group. James MacNevin will now take over Crafter's former role