Central clearer resource concentration puts systemic risk in spotlight
A joint study by regulators has revealed that default resources are increasingly concentrated in just two central counterparties

IHS Markit obtains FCA approval as benchmark administrator under BMR
IHS Markit has been approved by the Financial Conduct Authority as an authorised benchmark administrator under the European Benchmark Regulation (BMR)

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.

Blackstone's GSO launches second credit alpha fund
GSO Capital Partners has launched its second Credit Alpha Fund, US SEC filings indicate

US pension scheme puts $100 million into top-performing CQS fund
A multi-strategy credit fund run by CQS has earned a $100 million commitment from a US pension fund

Nomura renews interest in synthetic CDOs by targeting full-cap deals
After sitting on the sidelines last year, Nomura has returned to the bespokes space

New tailored credit index tranches draw in private bank investors
A new product aimed at private banks is quietly taking off in the synthetic structured credit space

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

Saba's former head of Europe lands at large credit hedge fund manager
The former head of Europe for Saba Capital Management has become a London-based credit manager's second major hire in four months

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

Barclays steps into reg cap synthetics boom
Barclays has dramatically stepped up its activity in “significant risk transfer”, becoming one of the most active originators of regulatory capital trades, according to market sources

Saba to close London office, reports Reuters
$1.7 billion hedge fund manager Saba Capital Management is closing down its offices in London

Alva's 'disruptive' fund joins Creditflux listings
A London-based manager is making waves with a tech-focused credit fund

Waterfall looks to add derivatives to its credit managed account
A US pension fund looks set to approve a change to its account with Waterfall, which will see the manager gain the ability to use derivatives as a hedging tool

Reg cap volumes mushroom as more banks look to share risk
While direct lending continues to grab headlines, a complementary strategy is continuing to expand