Synthetic CDOs seek to follow CLOs
Growing issuance, interest in longer maturities and the emergence of a secondary market are encouraging dealers to believe that bespokes are on the road to acceptance. By Sayed Kadiri

Beach Point reels in $193 million for securitised credit fund
Los Angeles-based Beach Point Capital Management has raised over $193 million from 49 investors for a securitised credit fund

Chicago manager holds initial close for $1 billion private credit fund
Monroe Capital has held a $348 million initial close for its third private credit fund, which has a $1 billion hard cap, market sources say

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

Structured credit specialist swaps CSOs for CLOs as he returns to Morgan Stanley
Morgan Stanley has added to its CLO structuring team in New York, bringing an official who has been working on synthetic CDOs

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

Alcentra creeps closer to $300 million target with third structured credit fund
London-headquartered Alcentra, the alternative fixed income specialist for BNY Mellon Investment Management, appears to have raised more than $214 million for its third Clareant structured credit opportunities fund

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

CIFC taps former Citi CLO veteran to lead structured credit business
Jay Huang has joined credit manager CIFC as a managing director, senior portfolio manager and head of structured products investments in New York, Creditflux has learned

Citi promotes European CLO head and co-head of credit correlation trading
Citi – a market leader in CLO origination and bespokes – has promoted officials responsible for these businesses.

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

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

Buoyant CRE CLO market to finish the year with a flourish
Two deals are in the CRE CLO pipeline in what has been a bumper year following $12.2 billion of issuance

Crestline raises $1.3 billion for its latest credit strategy
Crestline Investors has closed its third credit opportunity fund, according to a press release. The firm states that Opportunity Fund III and related managed accounts secured over $1.34 billion of capital commitments

New Mexico council allocates $100 million each to four credit-focused funds
The New Mexico Investment Council is poised to invest in an HPS Investment Partners loan fund and boost its investments in three credit-focused funds

A successful transition from prop desk to hedge fund
This month 10 years ago, negotiations over the fate of an important set of structured credit investors were on a knife edge

LibreMax eyes esoteric assets as it makes major structured credit hire
Market sources say US hedge fund manager is looking beyond hedge fund structures for a new business aimed at esoteric credit assets. To lead this project, the firm has hired a big name in CLOs and structured credit

Carlyle Group raises capital for structured credit fund
The Carlyle Group is fundraising for its CGMS Structured Credit Coinvestment fund, a regulatory filing reveals

Dakota pension fund awards $300 million to asset management giant
Dakota pension fund cuts MBS exposure to make space for an investment in a coporate bond fund

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

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

West coast pension fund boosts its allocation to Halcyon’s credit business
A major west coast pension allocator to credit has moved to increase its allocation to Halcyon Capital Management after separate account generated 35% return in 2016

SEC charges ex-Nomura CMBS traders with fraud
The SEC yesterday said that two former Nomura CMBS traders, James Im and Kee Chan, misrepresented price information to clients in trades where they were acting as intermediaries