Pension fund set to vote on rescinding York credit commitment and cutting Tricadia
The investment committee at San Bernardino County Employees’ Retirement Association has recommended that the pension fund rescind its commitment to a structured credit fund managed by York Capital Management, and terminate its relationship with multi-strategy credit manager Tricadia Capital Management

Alcentra holds $513 million close for CLO-focused fund
Alcentra has held a final close on its third structured credit opportunity fund with $513 million capital commitments - which has the ability to invest in US and European CLO equity, mezzanine tranches and warehouse capital 

Tracking down the credit industry’s original winners
All winning managers at the first Creditflux awards survived the crisis, under their own names – like BlackRock – or under new owners. But what happened to the people who collected the trophies?
 

Structured credit specialists seek future-proofing in direct lending
At the turn of the last credit cycle, structured credit recovered spectacularly – but credit managers today seem to be gravitating towards private credit as the area to pick up excess returns in a downturn

CLO managers give blessing to Morningstar
“Our methodology is extremely transparent and our turnaround is extremely quick" - Morningstar's Brian Grow describes the company's ascension into the CLO market

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.

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

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

Apidos co-founder set to join Medley as head of structured credit
One of the founding partners at CVC Credit Partners, is set to join Medley Management as head of structured credit in New York

Move up the stack to avoid implosion
Pundit warns investors to be concerned about return of their principal – but senior loans may be a safe haven as credit yields are squeezed and high yield becomes crowded

US insurance company's affiliate looks to expand in structured credit
An insurance company-backed asset manager is making a push into the structured credit market

Brokerage hires CLO specialists for new structured credit unit
New York-based brokerage Aegis Capital Corp is launching a new structured credit business after bringing in a four-person team from a rival firm