York axes European hedge funds and prioritises long duration assets as co-CIO leaves
York Capital Management has opted to axe its European hedge fund strategies and refocus on alternatives including CLOs amid a string of executive personnel changes

Credit Suisse shakes up leveraged finance with origination and restructuring co-heads
Credit Suisse has made a number of senior promotions in its leveraged finance team, appointing two new global co-heads of leveraged finance origination and restructuring

Andera collects €500 million for sponsorless mezzanine debt fund
Andera Partners, has held a final close on its sponsorless mezzanine fund, ActoMezz IV, exceeding its hard cap at €500 million

BNP Paribas AM appoints head of real estate debt after departure
BNP Paribas Asset Management has promoted Christophe Montcerisier to head of real estate debt

Axiom bets on 2002-style credit recovery with crossover fund launch
Axiom Alternative Investments is readying to launch a fund aimed at generating returns from the dislocation and revival of European and US credit as the coronavirus pandemic develops

ICG hires European CLO portfolio manager from Barings
Barings CLO portfolio manager Rob Faulkner is joining Intermediate Capital Group as a managing director responsible for European CLOs

Fitch promotes Miller to US structured credit head as Kendra moves to RMBS role
Fitch Ratings has promoted Kevin Kendra to US RMBS head, while Derek Miller will step into Kendra's old job as US structured credit head

Jefferies shelves structured synthetic plans as key man departs
Jefferies has put on ice its plans to build out a synthetic CDO origination, structuring and trading unit, having parted ways with the veteran specialist tasked with driving the venture

Farewell Mike
After two decades, Mike Peterson, the founder and long-time editor of Creditflux, is moving on.

Distressed loans get IHS Markit workover as tech service aims to cut settlement times
IHS Markit is unveiling an electronic solution through its ClearPar platform aimed at simplifying trade settlement for distressed leveraged loans, an area that has greatly lagged efficiency in the par loans market    

Schelcher nears €300 million first close of European direct lending fund
The strategy - mainly focused on France - has recieved a €40 million commitment from the European Investment Fund

Nordea AM portfolio manager joins Capital Four
Capital Four Management has appointed Nordea Asset Management portfolio manager Stine Milling Pilegaard as a director in its Copenhagen office

Guggenheim CLO syndicate co-head joins sports and media finance company
A Guggenheim Partners managing director has left the firm to join sports and entertainment financing provider 23 Capital

Ontario pension selects new president and CEO

Ontario Teachers’ Pension Plan has appointed Jo Taylor as its new president and chief executive officer, effective 1 January  

Pimco plans CLO management return after 12-year absence
Pimco is lining up a return to CLO management, over a decade after its last deal. The Newport Beach-based firm has been absent from the primary market since pricing Portola in November 2007.

I still love to sit in front of computer screens to try and understand markets
Jochen Felsenheimer of Xaia Investment takes our credit quiz

ICG recruits Carlyle official to European subordinated debt and equity team
Intermediate Capital Group has appointed a former Carlyle Group managing director to its team in London

Experience has taught me to be sceptical of second lien loans
Alex Jackson takes our credit quiz

Former BlackRock portfolio manager lands at start-up credit firm Tresidor
Tresidor Investment Management – the new credit manager led by BlackRock’s former head of European credit Michael Phelps and ex-Goldman Sachs synthetic CDO head Edgar Senior – has added a credit portfolio manager to its team ahead of its maiden fund launch

Pacific Gas & Electric credit event posed following Chapter 11 filing
The Americas Credit Derivatives Determinations Committee has been asked to rule on whether Pacific Gas and Electric has triggered a credit event, after the San Francisco headquartered firm filed for Chapter 11 bankruptcy protection for the second time in its history

I liked it when banks could hold risk and actually had inventory to shift
Louis Gargour, CIO of LNG Capital, takes our credit quiz

Danish pension fund's CEO steps down
Christian Hyldahl, the CEO of Arbejdsmarkedets Tillægspension (ATP), has given his resignation to the pension fund’s chairman of the board Torben Andersen.  

Loan managers need an equity-like mindset instead of relying on docs
Octagon's Lauren Basmadjian takes our credit quiz and talks about buying CLO equity in 2009, the impact of technology on the retail sector and Eddie Murphy's 1980s heyday

Points up front: structuring is in his blood
Very few people can claim they were born to structure CLOs, but perhaps GreensLedge’s new recruit Peter Melichar is the exception

Seasoned European CLO structurer lands at GreensLedge
An experienced CLO structurer has landed at GreensLedge in London, where he takes up a role as managing director