Award-winning CLO achieves third-highest IRR of all time
A $717 million CLO, which won multiple Creditflux performance awards, was redeemed last week

Former CQS distressed debt portfolio manager resurfaces at bank
Former portfolio manager joins bank after leaving CQS a year ago

Few investors want small company distressed loans
Mudrick Capital's Jason Mudrick takes our credit quiz

UK bank suffers credit trading departures
Heads of high yield trading and credit research are among those leaving

Brazilian bank's senior hire hints at big credit push
Expanding Brazilian bank hires structured credit specialist in London 

London-based hedge fund manager hires macro credit trader
Relative value macro credit trader leaves JP Morgan for buy-side in London 

UniCredit hires from buy-side to build its high yield business
Head of financing leaves buy-side firm for Italian bank 

Nomura's former head of loan trading resurfaces at brokerage in London
Nomura's former loan trading head takes role with brokerage in London 

Natixis CLO arranger joins insurer with big plans in structured products
Market sources have told Creditflux that CLO arranger John Kim has left Natixis this week and joined an emerging buy-side force that has started to buy CLOs in size

BNP Paribas scoops up senior credit trader in London
Senior credit trader heads to French bank in London from rival 

From Suez to CLOs
Indosuez Capital blazed a trail in CLOs and its ex-staff are now pivotal players across the industry

CDO trader joins Cantor Fitzgerald in New York
After resigning from a brokerage last week, an experienced structured credit trader has landed at Cantor Fitzgerald in New York

Putting low rates under a microscope
Cho-Hoi Hui suggests using a double square-root process with a non-linear drift term to capture recent near-zero interest rates more accurately when pricing corporate bonds

Global credit hedge fund manager joins “originator” craze
A global credit hedge fund manager has set up the second known example of a CLO “originator” fund

Credit Agricole loses head of Asian high yield trading in Hong Kong
Head of Asian high yield credit trading in Hong Kong leaves bank for rival 

Taking coupons into account
Sara Cecchetti and Antonio Di Cesare show that bond yields and spreads are not good indicators of default risk – and that coupon rate is an important driver of the yield curve

Credit analyst leaves buy-side firm for new hedge fund
Recently launched Rhodium Capital hires credit analyst from Paris-based asset manager 

Argentina defends case resolutely, but may pay for missing chances
Argentinian officials refuse to meet with hedge funds directly as 30 July deadline looms 

HSBC snatches head of credit desk research from European rival
Senior credit research analyst exits European bank for HSBC 

Rival bank poaches Bank of America financials trader amid exits
Financial trading head moves to Deutsche Bank for flow credit trading head role