Pimco hires ex-KKR official to lead corporate special situations unit
Pimco has appointed a former KKR official to lead the firm’s corporate special situation unit

Balbec hires senior official to lead European business
Balbec Capital has appointed Vasanth Raj as managing director to lead the its European asset management business

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

Credit funds at a glance

A round-up of fundraising and people moves in credit

Debevoise & Plimpton hires three fund partners from Linklaters
Debevoise & Plimpton has strengthened its funds practice with the appointment of three partners in its New York office

GSO makes senior hire to lead distressed trading
GSO Capital Partners has bolstered its distressed trading desk with two hires 

Marathon adds distressed specialist as credit trader to its New York team
Marathon Asset Management has appointed an experienced credit trader from Cantor Fitzgerald 

Arnold & Porter adds restructuring partner in New York
Arnold & Porter has bolstered its restructuring and bankruptcy practice in New York with the appointment of a former Morrison & Foerster partner

Disagreement between Sound Point and former portfolio manager comes to an end
The long-running dispute between portfolio manager Jeff Teach and his former employer Sound Point Capital Management has been brought to an end following a final arbitration award

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

New Zealand Superannuation Fund hires CIO
New Zealand Superannuation Fund (NZSF) has appointed Stephen Gilmore to serve as chief investment officer  

Recent CLO debutant Vista brings in GSO official to lead credit team
Vista Credit Partners has hired a former GSO official to lead its credit team

You don’t need a 15% default rate to make money in credit
Jeanne Manischewitz, head of North American credit at York Capital Management, takes our credit quiz

Akin Gump bolsters financial restructuring debt team with four partners
Akin Gump Strauss Hauer & Feld has bolstered its financial restructuring and global debt finance team with a new Connecticut office and the addition of four partners

September: credit funds at a glance
White Oak Global Advisors held a $2.1 billion final close on a new direct lending fund, while Phil Raciti's move from CVC Credit Partners to Halcyon Capital Management was one of the biggest moves in the credit industry

CIFC hires team of four for distressed credit push
CIFC, a manager specialising in US corporate and structured credit, is building out its distressed debt capabilities with four senior hires in anticipation of a maturing credit cycle

BTIG brings in high yield and distressed sales specialist
BTIG has strengthened its credit team with the appointment of a managing director focused on high yield and distressed sales

Pimco adds two former Tennenbaum officials as portfolio managers
Fixed income specialist Pimco has poached former Tennenbaum Capital Partner officials Geoffrey Jones and Gabriel Goldstein

GSO managing director set to join Platinum to build new credit unit
Platinum Equity has appointed Michael Fabiano to build out a new credit unit to complement the firm’s existing equity platform. He will join in January 2019 and will be based in New York

Kirkland brings in Bain lawyer as partner
Global law firm Kirkland & Ellis has added Bain Capital's in-house counsel Ranesh Ramanathan as corporate partner

Credit portfolio manager leaves event-driven fund manager
A credit opportunities portfolio manager has left event-driven investing firm Water Island Capital

A credit market in constant flux
Since Creditflux's launch in 2001, we've reported on CLO evolution, trendy new products, regulatory U-turns, and, of course, crashes. Which, we wonder, is coming next?

Goldman drops New Mountain and makes a new hire in subadvisor switch-up
The Goldman Sachs Multi-Manager Alternatives fund has switched up its suite of subadvisors, with New Mountain no longer managing event driven and credit strategies for that fund

Structured credit PM earns promotion as Pimco unveils new managing directors
Structured credit portfolio manager Russell Gannaway is among seven officials to have been promoted to managing director at Pimco

Credit specialist poaches Goldman Sach's Eric Muller in New York
Credit specialist Oak Hill Advisors has hired New York-based Eric Muller from Goldman Sachs Group, according to a market source