New manager Resco lands ex-credit head to found advisory board
Resco Asset Management, a London based asset manager set up last year, has appointed the first of an anticipated three advisory board members

Cairn Capital hires portfolio manager for CLO investments
Cairn Capital has hired a portfolio manager with sell-side and ratings agency experience to be responsible for CLO tranche investments

GSO co-founder plans new credit business
GSO Capital Partners co-founder Tripp Smith is launching his own credit management firm, according to a report by Bloomberg

KKR promotes three European credit specialists to managing directors
KKR has promoted several members of its team to managing directors - including a former US CLO portfolio manager

Blackstone builds on multi-asset approach with fifth fund
The new vehicle will invest directly into Blackstone deals across its alternatives platform

Market favours retrospective over forward-looking approach to Ibor benchmark fallbacks, says Isda
New benchmark fallbacks for derivatives contracts that reference interbank offered rates are likely to be based on the “compounded setting in arrears rate” and the “historical mean/median approach to the spread adjustment”, the International Swaps and Derivatives Association has said

Neuberger's Dyal acquires minority stake in HPS
Dyal Partners, a division of Neuberger Berman, has acquired a minority equity stake in global credit manager HPS Investment Partners

Leveraged finance veteran leaves Mizuho in London after 22 years
The head of international acquisition finance at Mizuho, Paul Carman, has left the bank to bring to an end a 22-year affiliation with Mizuho

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.

Zencap looks to raise €200 million for its third infra debt fund
French alternative investment boutique Zencap Asset Management is launching its third senior infra debt fund with a €200 million first close target, the firm announced on Friday.

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

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

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

Law firm Paul Hastings adds London-based finance partner
Former DLA Piper partner Rich Davis, who specialises in the lending markets, has joined Paul Hastings' finance practice

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

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

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

MUFG hires leveraged finance veteran in London
The firm has hired a new senior appointee to join its leveraged finance team as head of leveraged corporate origination and structuring

Macquarie hire signals push into European credit fund financing
Macquarie has signalled a push into credit fund financing in Europe by hiring a senior official involved in this activity 

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

Ares brings in leveraged finance specialist Higgins as partner in credit group
The former global head of long-only credit strategies at BlueBay Asset Management has resurfaced at Ares Management in London

BNP Paribas moves quickly to restaff London high yield trading business
BNP Paribas has moved quickly to restaff its European high yield trading desk, making two new senior hires for the business last week