UK funds brace themselves against value-for-money ruling
The UK’s Financial Conduct Authority (FCA) has published its final set of fund governance rules that aim to strengthen the duty of authorised fund managers to their investors.

Columbia unveils new Luxembourg-domiciled global credit strategy
Columbia Threadneedle has unveiled its newest credit fund, which will emulate the investment approach taken by its €2 billion predecessor fund

Former CQS credit CIO Finch joins Man GLG in top credit role
Man Group has hired Simon Finch as CIO of credit at its Man GLG unit

EU money market fund reform not a cause for concern, says SSGA
Investor sentiment is split over the European Union’s incoming Money Market Fund (MMF) reform – but it’s a positive development, insists State Street Global Advisors’ head of cash for EMEA

High Ucits fees? Change strategy or face liquidation, report suggests
Substantially high fees on Ucits have led some funds to merge or liquidate, France’s stock market regulator says

Search for a new CIO is on as Fidelity International's fixed income head retires
Fidelity International’s fixed income chief investment officer Charles “Chuck” McKenzie is set to retire after four-and-a-half years with the firm

UK pension mega-fund to increase credit allocation following equity reduction
One of the UK's largest pension funds looks set to increase its allocation to credit after reducing its equity allocation by 15%

Pension service provider launches £320 million fixed income fund
The Local Pensions Partnership (LPP) in the UK has launched its inaugural fixed income fund at £320 million, according to a 6 March statement

ICG names new non-executive director in London
ICG has announced a new hire to its London office: a director with significant experience in the asset management space, including a stint as chair at SVG Capital

Allianz's asset management business drives strong group results for 2017
Third-party net inflows for the group's asset management business hit a record €150 billion for the year as customers were drawn to top-performing funds, the company said on Friday

Natixis AM reports $1 trillion AUM in 2017 results
Paris-headquartered Natixis has reported solid growth, and an end-of-2017 AUM of $1 trillion, for its asset and wealth management unit

Credit Suisse reports annual loss - but insists it's on the mend
Credit Suisse has reported an annual loss for 2017 – posting a full year net loss attribute to shareholders of CHF983 million ($1.05 billion) in its earnings release today

Morgan Stanley's fixed income sales dramatically dip in Q4 earnings report
Morgan Stanley's sales and trading net revenues took a dip in 2017, with fixed income net revenues in particular down 31% compared to 2016 figures

NN IP hires former GE official to head corporate loans business
A Dutch asset manager has strengthened its alternative credit team

German credit fund Robus draws in investors
Robus German Credit Opportunities Sub Fund, which invests in high yield, has increased its assets under management by over 40% in 12 months

Stockholm manager poised to launch two credit hedge funds
The Swedish manager confirms plans to launch two new vehicles, one $100 million fund next month and another early next year

Standard Life’s $13 billion MyFolio moves towards global corporate bonds
MyFolio, a fund-of-funds investment solution, has introduced global corporate bonds and short-dated global corporate bonds to its fund range

New York hedge fund launches Ucits fund on ML's turnkey platform
Hedge fund Noyack Creek – founded in 2016 by two former P Schoenfeld Asset Management professionals – has launched a new Ucits fund on Dublin-headquartered ML Capital Asset Management’s platform

Closed-end fund Great Elm takes direct hit from falling satellite credit
Listed credit vehicle Great Elm Capital suffers income mismatch as largest position pays-in-kind

Credit fund manager assumes Brown Shipley role following move to London
Brown Shipley has hired a senior credit fund manager who previously worked at Assenagon Asset Manager’s Munich office, a spokesperson confirms

Cheyne raises $400 million YTD for corporate credit fund
Cheyne Capital’s 15-year investment grade corporate credit programme continues to grow its assets – with its 2022 vintage raising over $400 million from investors this year

Chenavari fund swells assets by $72 million following relaunch
Chenavari has grown assets of a long/short credit vehicle by more than $70 million following the vehicle’s relaunch last year, its co-manager says

Sell-side credit analysts land at Muzinich in London
Muzinich has raided Citi and Deutsche Bank for credit analysts with Richard Smith and Terence Teh joining the firm in London

Founder looks to take structured credit manager Zais private
Founder Christian Zugel has bid to take Zais Group private, ending its two year stint as a public company

Cheyne hires former BlueBay official Robertson to lead new credit unit
Cheyne is targeting below investment grade credit and has hired the former global head of leveraged finance at BlueBay to lead a newly-assembled team of three