Allspring hires head of US distribution
Allspring Global Investments has hired John Moninger as head of US distribution in a role encompassing retail and institutional sales, platform development, client service and consultant relations.

Oaktree launches global high yield Ucits fund with low-carbon emissions focus
Oaktree has launched a global high yield responsible Ucits fund, which it says will offer investors the “opportunity to gain exposure to the asset class while promoting progress toward a low-carbon economy.”

ArrowMark fills vacancy in London with SRT hire from sell side
ArrowMark Partners has filled a void in its London office after hiring an SRT specialist from Citi 

Position cutting tames market rally and strategists warn on primary impact
Caution is the watchword across financial markets on Tuesday, with the strong recent run giving way to hedging and position cutting ahead of a much-anticipated US inflation reading on Wednesday

Eagle Point expands into structured products including SRTs with big hire
Eagle Point Credit Management has hired a head of ABS, MBS SRT and specialty finance, in a move which underlines the firm’s progression from a CLO equity investor to a broader credit asset manager.

IG payers provide best tail-risk hedges: Barclays
Investors seeking the cheapest tail risk hedge should look to CDX IG payers, while iTraxx Europe payers are the best hedge against further European underperformance, finds Barclays

Euro loans with FX hedging offer better value than US: Barclays
The big underperformance of European loans in June has left them looking cheap versus those in the US – but FX hedging and a nuanced selection process are advisable for investors looking to take advantage of that

RBC CLO structuring head set to return to old stomping ground
Royal Bank of Canada’s head of CLO structuring is poised to rejoin a former employer, ending his stay at RBC after just a year

Citi structured credit specialist leaves after 15 years
A key figure in Citi’s European structured credit business since 2007 has joined Julius Baer as head of corporate finance advisory

Antares hires bank's US CLO structuring head
Antares Capital has hired an experienced figure to structure its own CLOs and work on other financings. This follows Redding Ridge making a similar hire this month

NatWest keeps up momentum in US mid-market CLOs with role on MidCap new issue
NatWest Markets has scored another US CLO new issue arranging credit after teaming with Natixis and Apollo Global on Apollo-affiliate MidCap Financial's latest middle market transaction

US CLO structuring head to leave Credit Suisse
Credit Suisse’s head of US CLO structuring is understood to be leaving the bank after nearly 10 years

JP Morgan splits global head of institutional structuring role as it promotes three
JP Morgan has rejigged part of its credit structuring business with a set of promotions for officials who have covered SRTs, CLOs and CSOs as part of cross-asset roles

Stellus to use tech to connect with wealth advisors for direct lending expansion
Direct lender Stellus Capital Management says it has formed a partnership with ICapital, a fintech platform

Arb work pays off
With day-one arbitrage alone delivering projected CLO cash-on-cash returns of 20-25%, 2021 may have been the best year ever for equity investors — at least until CLO spreads began to widen  

They said it: "I feel vindicated..."
Dallas-based Patrick Daugherty says “it was worth it”, after his settlement with Highland

Pemberton adds to credit build out with NAV financing hire
Pemberton Asset Management has confirmed an appointment to lead a new net asset value financing strategy in what marks the firm’s third new business line in five months

Marathon changes pace with rival's head of US CLOs set to join
Marathon is bringing in a senior portfolio manager from another CLO issuer

Three US CLOs join growing list of deals to default
Another three US CLOs have the ignominy of having their tranches downgraded to D, taking the total list of 2.0 CLOs to default to eight. Before August 2021, 2.0 CLOs had a clean record according to S&P ratings 

MidOcean announces promotions in credit business
Two portfolio managers are among those to earn promotion at MidOcean Partners 

Highland turnaround is complete as Daugherty takes control of affiliates
“I feel vindicated and proud to have fought for over 10 years on behalf of investors. It was worth it,” Daugherty tells Creditflux after reaching an agreement with Highland where he will have an ownership stake in the Highland platform, among other things 

Spac pricing hints at Sound Point's growth ambitions in loan market
Sound Point Acquisition Corp has priced a $225 million IPO, signalling that credit asset manager Sound Point Capital Management is looking to expand its platform

III promotes CLO head to partner
III Capital Management, the investment manager arm of AVM, has promoted its head of CLOs to partner