Dedication pays off in risk sharing
Fund managers are pitching dedicated CRT funds to institutional investors as market hits €75 billion in 2017 and US banks start to take notice. By Sayed Kadiri

Drug makers: desperately seeking pain relief
With Teva’s profitable Copaxone being undermined by cheaper alternatives, the company is in need of a pick-me-up. By Euan Hagger

Fair Oaks expands into European loans with major hire
Fair Oaks Capital – one of the largest CLO equity investors in the market – has hired a well-known figure in the CLO industry to build a European corporate loan business

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

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

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

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)

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

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Rothschild plans to raise up to €500 million for its next credit fund
Fresh from launching Oberon III last week, a market source says Rothschild is planning its follow-up credit fund

KKR promotes recent hire to its European credit business
KKR has revealed a list of promotions across its private credit strategies. They include the promotion of Matthieu Boulanger – who joined KKR only mere three months ago – to partner

Natixis rebrands its asset management arm
Natixis has changed the name of its asset management to "better highlight its multi-affiliate business model"

Payday: Investors go for broke on regulatory bet
New regulations could seriously hamper US payday lenders – but bond holders are betting the rules won’t be enacted

Carlyle's co-founders step down as new leadership team is unveiled
The group names two Co-CEOs and a Co-CIO – but claims its three co-founders will continue to be actively engaged at Carlyle

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

Fund platform AMX eyeballs credit funds
Willis Towers Watson’s hedge fund platform has grown to $1.5 billion – and there is space for credit managers  

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