Carlyle Aviation appoints new managing director
The $5.6 billion recently acquired unit of asset manager Carlyle Group has appointed a new managing director and co-head of aviation  

Rockefeller partners with iCapital to expand into alternatives
Rockefeller Capital Management has partnered with financial technology platform iCapital Network, to increase its exposure to alternative investments

US regulation drives insurance money towards credit ETFs
Institutional investors are increasingly allocating to credit exchange-traded funds (ETFs), but their motivations are changing. These vehicles are famed for their liquidity, but several investors are said to be pouring money into them for the long term amid regulatory changes which have made ETF investments more favourable

Sears CDS battle heats up as DC challenged to change auction rules
A high profile battle over Sears Roebuck Acceptance Corp credit default swaps has taken a new turn, with one market participant challenging the Americas Determinations Committee to change its rules to avert price manipulation by another market participant in the bankrupt retailer's credit event auction

GSO co-founder plans new credit business
GSO Capital Partners co-founder Tripp Smith is launching his own credit management firm, according to a report by Bloomberg

Sears CDS external review panel named to solve Determinations Committee impasse
The North America Determinations Committee has selected an external review panel to decide whether two Sears Roebuck Acceptance Corp debt obligations can be delivered into an auction to settle the US retailer’s credit default swaps, having failed to achieve a strong enough quorum among its own 15 members

Credit sell-off has room to run and pricing is out of whack, says BNP Paribas
The credit market sell-off could have further to go despite recent widening and is “in the process of a late-stage business cycle unwind”, according to a strategist note seen by Creditflux

Till debt us do part: CLOs have and hold David's Bridal loans as they plummet 10.87%
CLOs hold $26.63 million exposure to David’s Bridal, which filed for Chapter 11 bankruptcy on Monday

Investcorp adds ex-Anteil officials to run manager buy-out business
The new strategy will focus on acquiring up to 25% stakes in mid-sized alternative asset managers

Ares ups its target for US senior direct lending growth to $4.7 billion
Following $5 billion of inflows into global direct lending in the third quarter, Ares has upped the target for its US direct lending strategy 

BlueMountain hires ex-Deutsche levloan and high yield analyst
The new hire will support portfolio managers responsible for the firm's investments in CLOs

Axa IM reveals new Ucits-compliant global credit fund
The new vehicle aims to offer investors a Ucits-compliant product that invets across the whole credit spectrum 

LSTA asks for return of CLO bond buckets as part of Volcker reform
The Loan Syndication and Trading Association is advocating the return of high yield bond baskets within US CLO portfolios in what could be another sign of the shackles being loosened on CLO regulation in the US

OFS holds IPO for $50 million CLO fund
OFS Capital Management has held an initial public offering for its closed-end CLO fund, OFS Credit Company

Man Numeric launches credit platform and appoints co-heads of credit
Man Numeric, the quantitative investment business of Man Group, has launched a new credit unit and appointed two officials to lead the business

Pimco launches latest ESG-focused credit offering
Pimco has launched its latest environmental, social and governance (ESG) fixed income offering - GIS Global Investment Grade Credit ESG Fund.

Calpers appoints CIO
California Public Employees Retirement System (Calpers), the $360 billion pension fund, has appointed Yu Ben Meng as chief investment officer.

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

Tetragon confirms appointment of former BlackRock US CLO co-head Snell
Scott Snell, former head of BlackRock's US CLO unit, has joined Tetragon 

Ares brings in credit portfolio managers from DoubleLine and Pimco
Ares Management has bolstered its liquid credit team with the appointment of Jason Duko and Kapil Singh, who join as partners and portfolio managers

American Beacon teams up with Apollo for credit interval fund
Regulatory filings reveal that Apollo will allocate assets across four main areas: US corporate credit, global corporate credit, structured credit and real estate credit

Stifel builds out leveraged finance team with big hire
The new unit will focus on origination, underwriting, and syndication of leveraged loans and high-yield securities

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

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

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