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

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

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

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

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

Corum Butler hires experienced high yield portfolio manager
Corum Butler has added to its team of five bond fund portfolio managers with a Paris-based hire

York's European credit team embarks on fresh start under Fidera
York Capital’s European credit team has completed its spin out 

Russia debt hits default levels amid FX and asset lock-up
Russia appears to be on the brink of default on its debt, with bonds and CDS pricing in the likelihood of an imminent trigger

Infrastructure manager targets €1 billion for eclectic mix of project finance debt and SRTs
A Copenhagen-based firm is launching its first credit fund and has partnered with an SRT specialist in London for a component of its potential €1 billion offering  

Pemberton hires former BlackRock official for new Dubai office
Pemberton has become the latest credit manager to expand its presence in the middle east with a new Dubai office

Former CIFC European CIO moves on from CLOs as he joins Man
Man Group has hired CIFC's former European chief investment officer alongside a Swiss Re official to launch a new capital assets solution unit

HPS targets $9.5 billion for fifth mezzanine debt fund
HPS Investment Partners is targeting $9.5 billion for its fifth global mezzanine debt fund, HPS Strategic Investment Partners V - but unlike earlier vintages, HPS says it will not target opportunities within the upstream energy space

Blackstone Credit names tech investing head
Blackstone Credit has promoted a New York-based official as its global head of technology investing

Lazard targets IG, crossover and HY in long/short credit ucits fund
Lazard Asset Management has unveiled a new credit ucits fund that will invest primarily in investment grade, crossover and high yield bonds in Europe and North America

Big name family business lines up corp hybrids fund
Edmond de Rothschild Asset Management (Edram) plans to launch a corporate hybrid fund and has hired Alex Eventon to lead the effort

LibreMax collects $225 million for structured credit fund
LibreMax Capital has closed its fifth drawdown vehicle, LibreMax Structured Opportunities Partners I, at $225 million

Deutsche Bank adds credit trading head to US build out
Deutsche Bank is looking at the next phase of its US development with the hire of a credit trading head from another bank 

Pretium swoops for three managing director hires to residential credit business
Pretium has made three managing director hires to its residential credit business in New York 

Sound Point confirms buy-out of CVC's US direct lending business
Sound Point Capital Management has bought CVC’s US direct lending business, the pair have confirmed. The deal will add $1 billion of assets to Sound Point’s $25 billion platform and includes nine investment professionals

Eagle Point hires trader for non-CLO assets as it eyes growth in corporate credit
Eagle Point Credit Management is growing its non-CLO business, with the firm hiring a head corporate trader responsible for trading high yield, BDC debt as well as equity, reits and other securities

Meag hires experienced credit specialist for top fixed income job
€328 billion asset manager Meag has appointed a head of active fixed income in Munich to oversee a range of assets including credit