Credit breakdown as one-day volatility outstrips financial crisis
Credit default swap markets have surpassed the record one-day volatility of the global financial crisis, with indices surging to new wide prints as the spiralling impact of the coronavirus outbreak brings government lockdowns on travel while wreaking havoc on oil prices and supply chains

EQT undertakes strategic review of credit business
EQT has announced a review of its credit business with the firm appointing JP Morgan to evaluate its 'strategic options', according to the firm’s Q4 2019 report

Franklin Templeton reorganises long-short credit fund team
Asset manager Franklin Templeton Investments will make changes to the portfolio managers for the Franklin K2 Long Short Credit funds, effective from October

PennantPark raises $750 million for direct lending and opportunistic credit
PennantPark Investment Advisers has raised $750 million across four vehicles, according to an announcement

100% pay-out on New Look CDS as physical bids fail to materialise
A credit event auction to settle CDS referencing New Look today resulted in a zero cent final price, meaning contracts paid out to protection buyers in full - the first time this has happened other than by a 'deemed auction' decision since 2012

Owl Creek turns heads to special situations with new fund
The firm joins several other distressed investors preparing to take advantage of a potential downturn

AnaCap buys €4 billion Italian SME loan portfolio
AnaCap Financial Partners has made its first transaction of its fourth credit opportunities fund 

Texas pension fund commits €75 million to European distressed debt
A $30.01 billion pension fund has awarded €75 million to a European distressed debt fund managed by AnaCap Financial Partners

Distressed debt specialist closes $727 million credit fund
Balbec Capital has announced the final close of InSolve Global Credit Fund III with $727 million capital commitments

Distressed credit specialist rakes in $781 million for global debt fund
Balbec Capital's latest global credit fund has a $1 billion target

Oak Hill promotes three to partner
Oak Hill Advisors has promoted three managing directors to the position of partner, according to market sources

Pimco fund edges closer to $5 billion hard cap with new pension fund injection
Pimco's special situations fund, already above $3 billion, has picked up fresh inflows from a Pennsylvania pension fund

Former Credit Suisse affiliate takes in $115 million for structured credit fund
A New York-based credit manager that spun out of Credit Suisse has raised more than $115 million in the last year for its for a structured credit strategy that now totals $677 million

Monroe moves into special situations credit after hiring from Melody
US middle-market lender Monroe Capital is expanding into special situations credit

Bain makes double hire to its London office
Bain Capital Credit has raided two hedge fund managers for loans and distressed debt talent

Credit hedge fund founder moves to London to join Sandton
Distressed credit manager Sandton has hired a high-profile hedge fund founder who leaves behind Greenwich for London

Jefferies hires for growing US distressed trading desk
Jefferies has added to its distressed debt trading team in New York, taking on a senior vice-president from Apollo

Brokerage poaches credit trader from Deutsche Bank in London
Deutsche Bank credit trader takes new role focusing on special situations and illiquid credit 

Centerbridge wins $500 million for upcoming distressed credit fund
A large US pension scheme has agreed to put $500 million into Centerbridge's new distressed fund

TPG continues distressed debt push with big hire in London
TPG has hired a former Lehman Brothers official to its distressed debt team in London, which has recently taken on a $1.27 billion portfolio from Credit Suisse 

Distressed debt manager hires from BlueMountain in New York
Distressed debt analyst joins New York-based credit hedge fund manager

PM leaves Stone Lion to reunite with former UBS colleagues
A distressed debt specialist has left troubled Stone Lion in order to link up with former colleagues who ran the special situations group at UBS

Sankaty raises $2.1 billion for new distressed credit fund
Boston-based manager Sankaty Advisors has raised $2.1 billion for a new distressed credit fund, according to regulatory filings