Carlyle group's solid Q4 results include $1.7 billion of global credit fundraising
The firm’s fourth quarter global credit fundraising of $1.7 billion included four CLOs, follow-on closes in their new private BDCs, structured credit fund, and managed accounts

Managers predict skill will win out
We asked managers to predict the year ahead across a range of credit strategies. Overall, they had a positive outlook. By Grace Jennings-Edquist

US pensions look beyond equities
US pension funds dramatically lowered their allocations to equity in the decade ending in 2016 as they diversified into illiquid and alternative assets. By Grace Jennings-Edquist

US power generators: Falling prices spark bankruptcies
As renewables and gas undercut traditional power generators, bond holders are preparing for price shocks. By Euan Hagger

Morgan Stanley Wealth to trim hundreds of mutual funds from its platform
Morgan Stanley Wealth Management is preparing to pull around 600 mutual funds funds from its platform, Creditflux understands

Bill Barr steps down from Och-Ziff board as firm's new CEO is named
Och-Ziff has named a new chief executive officer to succeed Dan Och, with the firm announcing today that former Credit Suisse executive Robert Shafir will step into the position

Anchorage hooks itself a new issue CBO
The manager has launched the fifth in its series of CBO deals, according to market sources

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

Goldman earnings reveal 18% decrease in institutional client services revenue
The Goldman Sachs group has reported mixed results in its latest earnings release, revealing a dip in institutional client services revenue in 2017 compared to the prior year, but overall net revenues of $32 billion for 2017

BlackRock's AUM increases 22% in a year as ETFs contribute to growth
BlackRock’s assets under management have surpassed $6.2 trillion following “a record year” for the firm in 2017, company officials said in a recent earnings call

Alcentra hires former BlackRock US loan and CLO chief
Alcentra has announced the appointment of Leland Hart as managing director and head of US loans and high yield

Ex-Millennium credit chief to start new hedge fund following Englander dispute
Former Millennium Management credit chief Michael Gelband will start a long-anticipated hedge fund known as ExodusPoint Capital Management, in the next six months, according to a Bloomberg report

Engineering and construction: diversification leads to deepening debt
In trying to build a more global roster of clients, some construction companies may have dug a hole for themselves

Angelo Gordon names two new co-CIOs
Angelo Gordon has appointed two new co-chief investment officers, according to a letter seen by Creditflux

BlueBay fund loses over $50 million in 18 months
BlueBay’s Credit Alpha Long Short fund strategy has shrunk by over $50 million since May 2016, Creditflux understands

CLO fund manager launches flagship credit strategy with $250 million target
A credit manager launched by a former UBS head has launched its flagship fund, with a target raise of $250 million, according to an investor letter seen by Creditflux

Two Benefit Street credit funds close at hard cap
Benefit Street Partners has announced the final closing of its fourth flagship fund, Benefit Street Partners Debt Fund IV, as well as a close of its inaugural Benefit Street Partners Special Situations Fund

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