CVP resigns as manager from two US CLOs
Credit Value Partners has resigned as manager of two of its US CLOs, according to a notice on the Irish Stock Exchange. The move comes amid an overhaul at CVP in which the manager's loan platform has been absorbed into its affiliate Mackay Shields and its distressed platform spun off

CLO syndication head exits BNP Paribas
BNP Paribas' head of US CLO syndication has parted ways with the bank, according to market sources, ending an eight-year stay at the firm

AB launches US CLO business after hiring from Sculptor
AB is building on its middle market CLO business by launching a broadly syndicated loan CLO platform, according to a company announcement. AB's majority owner, Axa Equitable, will fund the new product offering, according to AB, which presumably means that it will invest in the equity of forthcoming AB CLOs

CVC adds Alcentra official to investor relations team in London
CVC Credit Partners has appointed a managing director in its investor relations team from Alcentra 

BlueMountain starts new chapter as co-founder leaves and it winds down hedge fund
There are sweeping changes taking place at BlueMountain Capital Management, with the firm announcing that co-founder Stephen Siderow is leaving and that it is winding down its flagship hedge fund, BlueMountain Credit Alternatives Fund

Credit funds at a glance
A round-up of fundraising and people moves in credit

Highland co-founder Okada to leave the firm
Mark Okada, co-founder of Dallas-based Highland Capital Management, will retire at the end of the year

Man GLG shakes up US CLO team with new leaders
Man GLG has assigned leadership of its US CLO business to an experienced pair in New York

Orrick poaches securitisation partner from Ropes & Gray
The hire might help the firm move up CLOi Advisor rankings

Revived CLO manager Gulf Stream begins warehousing as its team count hits 10
The reborn Gulf Stream Asset Management, led by CLO veteran Mark Mahoney, has begun warehousing its comeback CLO after making a couple of hires

MacKay Shields integrates CVP's loan team while spinning out distressed debt
MacKay Shields has spun out the distressed debt business of Credit Value Partners and focus resources on CVP’s leveraged loan platform

Axa IM promotes global head of loans and private debt following Levilain departure
Axa Investment Managers has promoted a new global head of leveraged loans and private debt to fill the vacancy left by Jean-Philippe Levilain, who has left to join CBAM

BMO brings in experienced CLO official to lead structured credit business
A former Lehman Brothers official has landed at BMO, suggesting the firm is set to scale its CLO business  

MidOcean expands CLO management team with PM hire
MidOcean Credit Partners has hired a portfolio manager from Credit Suisse Asset Management to join its CLO team

US CLO giant CBAM makes big hire as it moves into Europe
CBAM has revealed plans to move into European credit and has hired an experienced loan manager to oversee the launch of the business

If you can stomach volatility, CLO equity is very attractive

Credit funds at a glance
A round-up of fundraising and people moves in credit

GreensLedge hires experienced CLO pair as it launches asset management business
GreensLedge has made a huge statement by hiring two from Barings' CLO investment team

PGIM's euro credit research head joins former colleague at Angelo Gordon
PGIM’s head of European credit research has joined Angelo Gordon

Cairn appoints CEO from Oceanwood as Campbell steps down
Cairn Capital has hired a new chief executive officer, who will take over from co-founder Paul Campbell

Spire brings in structured credit specialist from WyeTree
Spire Partners has hired a junior portfolio manager from WyeTree Asset Management with a view to expanding its structured credit investments

Head of structured credit and CLO investments leaves Barings
One of the CLO industry's biggest names has left Barings, resulting in the firm appointing two co-managers for its structured credit investment group 

Pretium returns with first CLO of the year amid personnel changes
Pretium Credit Management yesterday returned to the CLO primary market with its first transaction of 2019

BlueMountain buyout to bring CLO equity shift, funding pledge and Feldstein payout
BlueMountain Capital Management’s co-founder Andrew Feldstein looks set to receive a substantial pay-out in common shares of Assured Guaranty, which has agreed to buy the manager for around $160 million and has outlined a three-year plan for its CLOs

Pretium's D'Angelo to join Redding Ridge as he reunites with former Aladdin CLO PM
John D’Angelo has left Pretium Credit Management ahead of a move to the CLO management business established by Apollo Global Management in 2016, Redding Ridge Asset Management, according to Reuters