Astaldi credit event question hangs in balance as EMEA DC meets
The fate of credit default swap contracts referencing Astaldi could be decided today, with the Isda-hosted EMEA Credit Determinations Committee meeting to decide if the Italian builder has triggered a bankruptcy credit event

Finnish pension fund seeks portfolio administrator for illiquid investments
Finland's state pension fund is searching for a portfolio administrator to oversee its illiquid investments, which include private credit

Astaldi credit event question posed as its distress weighs on iTraxx Crossover
Astaldi, a constituent of iTraxx Crossover, has been referred to ISDA-hosted Credit Determinations Committees as a possible bankruptcy credit event – less than two weeks after the index rolled into a new series

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure

Orchard hires former UBS credit index options and tranches global head
Orchard Global Asset Management has hired an ex-UBS senior correlation trader as a portfolio manager in London

Neuberger Berman picks up fixed income investing team from BNP Paribas AM
Neuberger Berman has bolstered its European fixed income team with the appointment of six professionals from BNP Paribas AM

Loan market finds balance as spreads edge wider
New issue volumes were robust in July with relatively few loan refinancings getting done. Loan portfolio managers say the loan market is finally balanced, having been in favour of borrowers

Rallye races towards over 50s club in CDS as Astaldi faces Crossover index ejection
Rallye, the parent company of supermarket chain Casino Guichard-Perrachon and a former fellow-constituent of credit default swap index iTraxx Crossover, has surged wider to near 50 points up front in five-year CDS trading

Partners Group promotes Layton to co-CEO as Rubeli steps down
Partners Group has announced that David Layton, partner and head of private equity, will succeed Christoph Rubeli as the firm’s co-chief executive officer, effective 1 January 2019

Wells Fargo AM chief Norris to retire
Wells Fargo Asset Management's Anthony Norris - managing director, chief investment officer and senior portfolio manager - is set to retire from the fund management industry in October

Danish pension fund's bond and loan performances diverge
ATP, the Danish public pension fund, has made negative returns on its credit portfolio with its bond portfolio suffering 

Swedish pension fund's credit portfolio recovers with strong 2018 results
Andra AP-Fonden (AP2), the SEK 352.4 billion ($38.7 billion) state-owned pension fund, generated 5.6% absolute returns from non-domestic credit investments for the first half of 2018

Barclays hires another senior EM trader as Turkey continues to roil markets
Barclays has made an experienced hire to its EM credit trading team in London

Summer of innovations continues as manager prices Europe's first 2.0 CBO
A US-headquartered manager has priced Europe’s first CBO since the financial crisis, according to market sources

Star names join Barclays as it pushes into CLOs

Investors gain upper hand in doc negotiations

Invesco to convert Canadian bond fund into global credit strategy
The new Invesco Active Multi-Sector Credit Fund will have a global multi-sector approach

Private debt tops the tables for Industriens Pensionsforsikring
Industriens Pensionsforsikring, the DKK164.5 billion ($25.7 billion) pension scheme, generated a 1.6% return from its private debt portfolio, according to its mid-year 2018 results

Carlyle bolsters credit opportunities team with two senior hires
Carlyle has announced the appointment of Taj Sidhu and Philip Moore in the firm's credit opportunities team

European CLO PM rumoured to be joining CIFC from large asset manager
CIFC Asset Management looks to have made a major breakthrough in its bid to establish a European credit business with the $17 billion asset manager rumoured to be hiring the head of European performing credit at a large global credit firm

Aircraft lessors: gathering clouds lead to talk of turbulence
Aircraft leasing companies have been cruising over the past two years as passenger numbers grew, but rising interest rates and trade tariff concerns are making some bondholders nervous

Managers spot opportunity as leveraged loans soften
An abundance of US leveraged loan issuance helped soften secondary prices even though the overall market is highly bid. Meanwhile, investors’ preference for floating rate paper hit high yield

Neuberger's Dyal acquires minority stake in HPS
Dyal Partners, a division of Neuberger Berman, has acquired a minority equity stake in global credit manager HPS Investment Partners

Investcorp brings in European credit portfolio manager from Rothschild
Investcorp has appointed Dominic Courtman as portfolio manager and director of its European Credit Management business (ICM EU)

Alcentra appoints Rajguru as global chief investment officer as Hatfield retires
Alcentra has appointed Vijay Rajguru as global chief investment officer effective 2 July 2018, a spokesperson for the company has confirmed to Creditflux, following Paul Hatfield's decision to retire from the firm at the end of the year