Denver manager raises $22 million for structured credit fund this year
The Wickapogue Structured Credit Fund, launched in November 2016, has raised about $22.2 million according to a regulatory filing

CarVal draws $280 million in a year for international credit fund
The CVI International Credit Fund, which launched in 2011, has now made sold a total of $1.3 billion from US and non-US investors

Managers plan to lower fees after holding steady for two years, survey finds
More than one-fifth of US-based investment managers said they planned to lower their fees in 2017, according to the Callan Institute’s 2017 Investment Management Fee Survey

JP Morgan Asset Management reports record AUM
JP Morgan Chase’s asset and wealth management business reported assets under management of $1.94 trillion for third quarter 2017, an AUM boost that reflected higher market levels and net inflows into liquidity and long-term products

Oaktree changes tack on ETFs and signs up to manage Eaton Vance fund
Oaktree Capital Management has agreed to subadvise Eaton Vance’s newest diversified credit NextShares offering – suggesting Howard Marks of Oaktree may be getting over his previously expressed doubts about exchange-traded funds

Private equity firm's credit unit raises $110 million at first close for new fund
The fund has a total offering amount of $350 million. It held its first close at $110 million after making its first sale on 31 October, US SEC filings indicate

BDC reports $25.3 million increase in AUM
FS Investment Corporation (FSIC) has cited the “very competitive” nature of the credit market during its third quarter 2017 earnings release

Fixed income inflows boost Legg Mason
Baltimore-headquartered Legg Mason has reported inflows of $7.9 billion for its fixed income business in the quarter ended 30 September, according to a recent earnings call

Manager shaves fees on corporate bond ETF amid ongoing price war
A large manager has dropped expense ratio on a corporate bond ETF, making the product about half as expensive as some ETFs from rival firms

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

Wealth manager raises $119 million for credit fund
Los Angeles-based boutique investment firm raises $119 for credit opportunity fund 

Canadian energy fund to change purpose and convert into ETF
Toronto-based Purpose Investments' Energy Credit Opportunities Income Fund, currently subadvised by Lazard, is poised to convert to an ETF and rebrand as Redwood Energy Credit Fund

New York manager raises $75 million for alternative credit fund
Global Alternative Credit Fund has raised $75 million since 2016

Insurer announces 51bp operating expense hike for debt securities fund
Pacific Life Insurance Company has announced a subadvisor swap and sharply increased expenses on its Inflation Strategy portfolio

The Hartford reports hurricane-related losses for Q3
The Hartford suffered net income outflows of $204 million and core earnings losses of $191 million in third quarter 2017, citing natural disasters as a cause

CLO-savvy insurance company hires two for top credit investment roles
An insurance company, which has made a name for itself in supporting CLO managers with risk retention capital, has made a pair of big hires to its credit investment business

Guggenheim raises $200 million for opportunistic credit vehicle
Guggenheim has raised $200 million for a new opportunistic credit fund, which is backed by three investors to date

Long-short manager Kingdon grows its credit fund
Kingdon Capital Management's credit assets under management have increased over the last year, SEC filings suggest

Carlyle structured credit fund surpasses $800 million
Carlyle Group has raised more than $808 million for a structured credit offering

West coast manager's long-short credit fund hits $595 million
Symphony Asset Management has raised $594.90 million for its BayCity Long-Short Credit Fund, a $10 million increase in just over a year

Former head of Milken family office raises $118 million for credit fund
A firm run by the former head of Michael Milken’s family office has raised $118.3 million for an opportunistic credit fund

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

Carlyle poaches credit specialist from HPS in New York
Carlyle Group is continuing to pump resources into credit with the firm announcing that it has hired a head of credit opportunities based in New York

Direct lending hopeful Advent appoints chief of staff
$9 billion asset manager Advent has brought in a chief of staff and strategy

Crestline hires as its fund financing business takes off
Crestline Investors has announced that it has completed $450 million in transactions for a niche strategy, which revolves around providing financing solutions to mature private equity-style funds