CLO investor leaves US structured credit specialist
A CLO tranche portfolio manager has left a fund manager in order to manage his family office

Kissick and make up: Ares replaces board member
Ares Management has appointe a replacement to its board of directors as retired Ares co-founder John Kissick steps down

CLO running financing costs plummet as East West prices debut deal
East West Investment Management has priced its debut US CLO and taken an unconventional approach in doing so with sources indicating that the firm has retained much of the debt in its deal

Western to launch European loan business after hiring portfolio manager
Western Asset Management is launching a European corporate loan business after hiring an experienced credit portfolio manager with a background rooted in the CLO industry

The manager, not the market, decides value in direct lending
Mid market loan spreads are contracting, but that’s a reflection of low volatility not excess cash

Credit CIO Finch leaves GLG
Simon Finch has parted ways with Man GLG, according to market sources, ending an 18-month stay at the firm where he served as chief investment officer for credit

Mediobanca hires former credit derivatives trading head
Mediobanca has hired an experienced credit trader to its office in Milan

Axiom makes big name correlation hire for credit opportunity fund
Axiom Alternative Investments has boosted its platform with the hire of synthetic credit veteran as a portfolio manager

If you can stomach volatility, CLO equity is very attractive

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

Senior figure departs Alcentra direct lending team, Debtwire reports
Creditflux sister publication Debtwire reports that one of the longest standing members of Alcentra's European direct lending team has left the firm 

Investors are very focused on ESG: it’s driving them and us, and rightly so
My career in credit began just over 20 years ago, working in KPMG’s restructuring team and advising banks on their troubled loans. It was a pretty steep learning curve as every company was teetering on the edge of bankruptcy. But I learned that controlling cash flow is vital and how to prioritise what’s most important about a company. I still use those same skills every day.

Global CLO b-wic round-up: 71% of equity positions trade as supply picks up
The European and US secondary CLO market took a step back this week as the primary CLO generated $7.8 billion of deal flow globally

Guggenheim hires Citi ABS trading head to structured syndicate desk
Guggenheim Securities has replaced its recently departed co-head of structured product syndicate with an experienced hire

Axa IM finds replacement for top fixed income role
Axa Investment Managers has appointed Christophe Herpet as global head of Axa fixed income and its buy and maintain division

GSO makes big hire to co-lead distressed investing
Blackstone's credit platform has appointed an ex-Goldman Sachs official to co-lead its distressed debt business 

Deutsche Bank hires emerging market credit trader
Deutsche Bank has added to its credit team in London by hiring a trader of emerging market cash debt and CDS

Direct lender hires head of credit as it closes in on European mid market CLO
BeSpoke Capital has made a big hire as part of a reorganisation of the direct lender’s business

Deutsche Bank bolsters CLO origination desk in London
Deutsche Bank has added to its CLO origination desk in London, a spokesperson has confirmed

Ostrum appoints structured credit head as it looks to issue US CLOs
The market has found a plethora of CLO managers looking to expand in Europe, but Ostrum Asset Management has gone the other way by hiring an experienced US CLO portfolio manager

Morgan Stanley grows direct lending arm in New York with two hires
The bank has added a second hire to its private debt team having appointed an ex-Carlyle official to a newly created role as head of direct lending 

Former Ares partner takes on head of structured products role at Sound Point (correction)
A figure with more than 20 years of experience in CDO and CLO markets has resurfaced at Sound Point in New York 

HSBC boosts single name CDS and index trading with experienced hire
HSBC has added a former index trading head to its credit team in London

You can’t time everything 100% correctly, but being too early can be a mistake
ArrowMark's Kaelyn Abrell takes our credit quiz

AIG CLO comeback gathers pace as it plans second pricing in two months
AIG Asset Management is working with Wells Fargo to price a $507.2 million new issue CLO named AIG CLO 2019-1