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

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

Spotlight: Local exchange carriers - calling for rescue on the M&A hotline
Growth-starved US phone companies are seeing consolidation as the best way to improve performance

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

Think outside the box
While the US market credit is the most liquid and the UK is considered the home of European direct lending, there are opportunities further a?eld

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

Spotlight: Data centres - clear skies ahead for cloud providers
Demand for data centres is strong and there is no sign so far that the market is overheating

Things aren’t always what they seem
Buy CLO triple As but don’t be fooled by diversity scores; take a look at credit index futures if you need liquidity; and watch out for quasi-mid market loans appearing in CLOs

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

It's essential to be senior in the capital structure
Concise Capital's Glenn Koach takes our credit quiz

Investing ethically is worth it
Managers could see less volatile returns as a result of their increasing adoption of ESG-friendly portfolios; meanwhile direct lending is spreading across Europe

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