Former Claren Road professionals raise more than $274 million for credit fund
New York based Duane Park Credit Management has raised more than $274 million for its credit fund since launching in 2016, regulatory filings indicate

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.

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

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

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

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

Private equity firm Gryphon moves into credit with $100 million fund
The San Francisco-based firm has announced a first and final closing of its mezzanine fund at its cap of $100 million of aggregate commitments

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

Tages switches Ucits fund to PSAM after recent hire
PSAM hire sees Tages terminate its agreement with Fore and hand over managerial responsibilities to PSAM

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

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

Waterfall looks to add derivatives to its credit managed account
A US pension fund looks set to approve a change to its account with Waterfall, which will see the manager gain the ability to use derivatives as a hedging tool

Healthcare exposure has potential to inflict pain
Mill Hill Capital’s David Meneret takes our credit quiz

Heading tighter into uncertainty
Tightening loan spreads are making the job of a CLO manager harder in both the US and Europe. But credit volatility could be on the horizon