Impact investor selects CDO structure for solar debt fund
Social Investment Managers & Advisors (Sima) has taken the unusual route of choosing a CDO structure for its latest debt fund.

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

Who predicted $145 billion of issuance?
That went better than expected: US risk retention came in, and $145 billion of global new issuance later, it’s clear that CLOs aren’t disappearing. By Tanvi Gupta and Sam Robinson

Credit manager Redpoint rebrands into Park Cities
Redpoint Capital Group has rebranded as Park Cities Asset Management, reflecting the firm’s broader vision within the industry

European manager launches global credit fund
London-headquartered Mirabaud Asset Management yesterday launched a new Global Diversified Credit Fund, further committing to its fixed income strategy.

Florida pension fund commits $200 million to Doubleline's MBS strategy
Florida State Board of Administration approved a $200 million commitment to Los-Angeles based Doubleline for its opportunities credit fund in Q4 2017, according to board documentation

New York pension fund invests $200 million in real estate debt
New York State Teachers Retirement System (NYSTRS) has approved a $200 million commitment to real estate debt, according to board documentation

Brigade co-founder to leave the firm
Brigade Capital Management's co-founder Pat Kelly is leaving the firm, according to market sources

Euro SME CLO market to remain at low issuance levels, DBRS predicts
A new report by credit rating agency DBRS says the European securitisation market has much to be positive about in 2018 – but warns that the SME CLO market is expected to remain at low issuance levels 

BNP Paribas hires head of structured finance to asset management unit
BNP Paribas Asset Management this morning announced that Michel Fryszman has joined as head of structured finance

CIFC taps former Citi CLO veteran to lead structured credit business
Jay Huang has joined credit manager CIFC as a managing director, senior portfolio manager and head of structured products investments in New York, Creditflux has learned

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

Morgan Stanley promotes New York-based CLO specialist to managing director
The head of US CLO syndication, who has recently taken on a bigger role at Morgan Stanley, has been promoted to MD

CEO of Blackstone's hedge fund solution platform steps aside
Blackstone has announced that J Tomilson Hill, president and chief executive officer of Blackstone Alternative Asset Management (BAAM), will be transitioning to a new role as chairman of BAAM

Cairn builds out business development team with Investcorp and Camares hires
Credit and CLO manager Cairn Capital has announced two new appointments to its business development team in London

Florida manager taps former Hildene marketing head in IR role
III Capital Management has hired an investor relations professional from Hildene Capital Management

Hunton & Williams appoints veteran CLO lawyer as partner
Global law firm Hunton & Williams has appointed Angus Duncan as a partner in the firm’s London-based structured finance and specialty finance transactions practice

Goldman stymies pension funds’ fraud class action move in Abacus CDO case
A US Appeals Court in New York has ruled that a shareholder lawsuit accusing Goldman Sachs of fraud cannot proceed as a class action

Up-and-coming fund manager Revolution makes big structured credit hire
Sydney’s Revolution Asset Management has made a big hire, signalling its intent in the global structured credit markets

JP Morgan AM professional to lead spin-out of credit hedge fund
Former JP Morgan Asset Management portfolio manager Fahad Roumani appears to be gearing up to lead a spin-out firm, which will manage the JPS Credit Opportunities Fund under its new name

Fund of hedge fund operator appoints new CFO and COO
Alternative investment firm Gapstow has appointed a new chief financial officer and chief operating officer, promoting internally to fill the roles

Law firm bolsters its CLO practice after hiring from Credit Suisse
Law firm Chapman and Cutler has further strengthened its CLO and structured finance practice, bringing in a figure from Credit Suisse's new issue CLO team

Massachusetts pension fund awards $275 million to credit managers
Massachusetts Pension Reserves Investment Management Board (PRIM) has mandated up to $275 million to private credit funds, according to board documents seen by Creditflux

Past returns: binomial expansion model was the catalyst for shorting AIG
10 years ago, Creditflux reported on AIG's approach to marking its structured credit book. The article prompted one trader to put on a large short position which profited as AIG turned to the US government for a bail-out