CIFC gets in on interval fund phenomenon with new CLO-focused strategy
The new vehicle will invest at least 80% of its net assets in debt securities, with a focus on CLO equity, mezzanine tranches and warehouses, US SEC filings reveal

MidOcean floats second tactical credit fund
MidOcean Credit Partners has launched its second tactical credit fund, which will invest in "off-the-run" high yield and leveraged loans, Creditflux understands

Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

Investcorp names new co-CEO
Alterative investment manager Investcorp has announced that Hazem Ben-Gacem will become co-chief executive officer, joining current co-CEO Rishi Kapoor

Oaktree's multi-strategy credit platform reaches $2.9 billion
Los Angeles based Oaktree Capital Management's multi-strategy credit platform – which includes Oaktree Global Credit Fund – has hit $2.89 billion as at 31 March 2018  

Canadian pension fund appoints head of credit
Toronto-headquartered Canada Pension Plan Investment Board has appointed John Graham as head of credit investments, effective 1 June 2018

Zencap looks to raise €200 million for its third infra debt fund
French alternative investment boutique Zencap Asset Management is launching its third senior infra debt fund with a €200 million first close target, the firm announced on Friday.

Amundi begins marketing European loan fund
Paris-headquartered Amundi has launched a loan fund targeting LBO-related opportunities

Dentons brings in derivatives lawyer as partner
Global law firm Dentons has added Alice Yurke as partner in its capital markets practice, the firm announced yesterday

Palmer Square hires COO from Scout after surpassing AUM milestone
Palmer Square Capital Management has hired Scott Betz as chief operating officer, following the firm surpassing $5 billion assets under management

Fund industry braces for further impact after court's DOL fiduciary rule decision
The US Department of Labor (DOL) had said it will not enforce its embattled ‘fiduciary rule’ following a legal ruling last week – but one regulatory lawyer says fund industry players should nevertheless brace for several impacts of that ruling

Goldman Sachs’ co-president and COO Schwartz to retire
Goldman Sachs has announced that Harvey Schwartz, the group’s president and co-chief operating officer, is retiring and will step down effective 20 April 2018. David Solomon will now serve as sole president and COO

Credit specialist poaches Goldman Sach's Eric Muller in New York
Credit specialist Oak Hill Advisors has hired New York-based Eric Muller from Goldman Sachs Group, according to a market source

Chorus launches third credit fund for reg cap strategy
Reg cap specialistChorus Capital has launched its third credit fund, according to SEC filings seen by Creditflux

Och-Ziff’s multi-strategy funds continue to bleed assets
The embattled hedge fund firm’s AUM is down 14% year-on-year, and its multi-strategy assets – which sat at $31.8 million at the end of 2013 – were down to $13.7 billion in December 2017

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

Investec AM announces leadership succession plan
Investec Asset Management has announced its leadership succession plans following the retirement of Investec Group's chief executive officer and managing director

Demand for IG outweighs HY as US credit manager launches two funds
A west coast asset manager has launched a high yield strategy and an investment grade fund. The IG option has been more popular thus far

JP Morgan AM launches new multi-asset investment trust
A manager's best mate is its fund: JP Morgan AM launches Multi-Asset Trust (Mate)

SSGA reports healthy income and AUM boost in Q4 2017
In its earnings release yesterday, Boston-headquartered State Street Global Advisors reported a rise in net income to $687 million for fourth quarter 2017, up from $648 a year earlier – a 19.1% increase

Muzinich debuts European total return credit strategy
Muzinich & Co has launched a new European-focused total return credit strategy that will have the ability to express both long and short views on credit

Oak Hill appoints sole head of European credit as ex-partner takes on new role
One of Oak Hill Advisors’ most senior staffers has stepped into a senior advisory role

Spanish boutique launches its first Ucits credit fund
Madrid-based Arcano Asset Management has launched its first Ucits credit fund, citing demand from Ucits investors for credit fund investment opportunities based on floating assets and with low interest rate risk

Los Angeles pension fund looks to renew US loans relationship with Bain
A $15.7 billion Los Angeles pension fund is looking to renew its contract with Bain Capital Credit, according to investment committee board documentation