Cash-CDS basis set for comeback after "falling knife" mishap, predicts BNP Paribas
The beginning of 2019 should revive interest among credit investors to trade the basis between cash bonds and credit default swaps, according to BNP Paribas strategists – following what they term “falling knife” dynamics in this year’s fourth quarter

Creditex obtains CFTC swap execution facility exemption
Creditex, the electronic brokerage for corporate bonds and credit default swaps, has been granted an exemption from a requirement to register with the US Commodity Futures Trading Commission as a swap execution facility

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

Dai-ichi anchors global infrastructure debt fund with $176 million
Asset Management One Alternative Investments has joined together with Dai-ichi Life Insurance to launch a new global infrastructure debt fund

Mediobanca hires experienced credit trader to build out loan franchise
Mediobanca has appointed an ex-Deutsche Bank senior credit trader as head of loan trading

UBS AM debuts second infra debt fund with €448 million raised to date
UBS Asset Management has launched its second infrastructure debt fund, having raised €448.4 million in seed commitments from initial investors for the vehicle

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%

Axa IM holds €1.1 billion final close on European infrastructure debt fund
Axa Investment Managers – Real Assets (AXA IM) held a final close on its co-mingled pan-European infrastructure debt fund at over €1.1 billion, a spokesperson has confirmed

Infrastructure manager raises $6.5 billion in equity and debt mandates
Global infrastructure manager IFM Investors raised $6.5 billion in infrastructure equity and debt globally between 1 July 2016 and 30 September 2017

Experienced European credit trader joins Nomura in senior role
A high-profile credit trader has joined Nomura after a brief stint at Citi

Transport and logistics: heavy debt leaves transporters in jam
With logistic specialists getting a rough ride, debt restructuring could be the next stop for asset-light companies

Leading fund: Lupus Alpha CLO Opportunity Notes I
Single-B CLO trades boost Lupus Alpha asset Management

Aviva adds two to its infrastructure debt team in London
Aviva Investors has announced two hires to its infrastructure debt platform

Credit managers morph into eco-warriors as ESG demand escalates
Credit market participants are watching their carbon footprint with green and ethical investing being all the rage