San Francisco pension fund to deploy up to $4.5 billion in private debt
The City and County of San Francisco Employee’s Retirement System has revealed details of its new private debt pacing plan - which will see it deploy up to $4.5 billion and partner with up to 25 private debt managers over the next six years

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

Investec unveils unconstrained global credit fund for UK investors
“In a world of rising interest rates, and with the accompanying increase in volatility", Investec has launched a replica of its Investec Global Total Credit Fund - this time for UK investors

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

T Rowe's fixed income head Wiese to step down
T-Rowe Price Group’s fixed income head Ted Wiese is to step down from his role as at 1 May 2019.  The firm has announced that Andrew McCormick will replace him

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

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

BlackRock's iShares contribute to strong AUM growth despite volatile quarter
BlackRock has reported a 17% year-on-year growth in AUM at the end of first quarter 2018, as well as a 28% year-over-year growth in first-quarter earnings

Lazard builds out alternatives platform with new MD hire
Lazard Asset Management has named a new managing director: David Gibson, who spent two decades at DE Shaw

Alternatives firm hits $1.3 billion for opportunistic credit hedge fund
Alternative investments firm Varde Partners is on a roll: it has raised at least $1.29 billion for its opportunistic credit fund Varde Investment Partners, Creditflux has learned

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

Join the debate: most memorable moment in credit
At Creditflux we’ve now produced 200 monthly magazines since Fishknife first came up with the idea of tracking the global credit markets in 2001). We asked several key credit industry officials about their most memorable moment in credit

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

Canada’s Fiera generates 10% AUM growth in 2017
Montreal-based asset manager Fiera Capital Corporation has increase its assets under management by 10% year-on-year and grown its annual revenues by 33% on a year-over-year basis, its latest financial report reveals

Zais hit with class action filing over proposed go-private deal
A Zais Group stockholder has filed a putative class action lawsuit against the firm, taking aim at Zais’s plans to merge with subsidiary ZGH Merger Sub and Zugel’s firm Z Acquisition – a plan that would result in the company going private

New chief executive and president named on $160 million Guggenheim fund
A Guggenheim Partners fund has named a new president, chief executive officer and trustee following the passing of Don Cacciapaglia in December

BlackRock adds new ETF to $1.8 trillion iShares platform
BlackRock has unveiled a new addition to its suite of target maturity fixed income ETFs, with the iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) rolling out this week

Pimco hires United Nations director in move to expand ESG capabilities
Fixed income giant Pimco has hired a former United Nations director as it builds out its environmental, social and governance (ESG) platform for investors seeking socially responsible investments.

BlackRock cuts Pine River from its sub-advisory role on alternatives fund
Following a wave of departures, Pine River has suffered another blow, with BlackRock removing it as the sub-advisor to one sleeve of a $100 million multi-strategy fund

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

Adams Street names new appointment to board of directors
Chicago-headquartered Adams Street Partners has appointed Matthew Scanlan of Angel Island Capital to its board of directors