German bad bank wins huge CLO auction
A German bad bank has emerged as the winner of a huge auction of CLOs and other asset-backed securities this morning

Timing of CLO b-wic puzzles market participants
A huge CLO bid list scheduled for Friday (10 March) represents part of the liquidation of a CDO of ABS, according to Creditflux’s sister intelligence service Debtwire ABS

Buy-side firms eye slice of trade receivables pie
European insurers and asset managers are looking to break the stranglehold that banks have had over the market for trade receivable securitisations

Oaktree branches into structured credit with major hire in Los Angeles
Oaktree Capital Management has signalled that it is making a major push into structured credit and CLO investing with sources indicating that the asset manager has hired an official who oversaw $40 billion of structured credit assets in his previous role

BAML's former head of European ABS sales joins BNY Mellon
An ex-Bear Stearns structured credit specialist has joined BNY Mellon as a business development manager for its European corporate trust team

Citi launches new Bravo reference portfolio
Citi has launched a new version of its bespoke tranche reference portfolio, according to market sources. 

Eiffel proves you don’t need to guess oil prices to pick good oil bonds
Paris-based manager benefits from tertiary link to oil bounce with helicopter pick 

New York-based Mill Hill ramps up its debut structured credit fund
Mill Hill Capital, a company which was established by ex-UBS structured credit trader David Meneret in 2015, has ramped up its debut fund. Meneret tells Creditflux that the fund will follow a market-neutral strategy, but that he believes double-digit returns are in reach

Nomura builds out emerging markets team with structured credit hire
Structured credit specialist joins Japanese lender’s London offices for emerging markets role 

Mizuho completes big structured credit appointment in Asia
Mizuho has recruited a senior structured credit professional, with a wide-ranging mandate, to its offices in Hong Kong

Zais expands in Europe with major structured credit hire
Zais has hired the head of structured credit from a large bank for a key position in London

Eurizon follows ECB's lead with new structured credit fund
Eurizon Capital has launched a new fund to target European structured credit opportunities – a market which it says has been strengthened thanks to the ECB’s ABS purchasing scheme

Structured credit trader joins Axa IM after leaving large bank in London
A structured credit trader, who managed a correlation book in her previous role, has resurfaced at Axa IM

Structured credit hedge funds earn approval from Texas pension plan
Two "emerging managers" with prowess in the structured credit market have been given backing by a Texas pension fund

European ABS b-wics have an 80% success rate, finds TwentyFour
In a blog posted yesterday, TwentyFour Asset Management looks into liquidity in the European ABS market and finds that over the last 12 months, 80% of assets on b-wics have traded.

Ares earns pension fund support for upcoming bond-loan fund
Ares Management is in the process of launching a new credit fund which will target leveraged loans and high yield bonds

Structured credit professionals leave BAML in London
Five officials - including a correlation trader and CRE loan originator - have left Bank of America Merrill Lynch in recent weeks, sources say

Jefferies parts company with co-head of its global CLO business
A former Lehman Brothers official, who has been instrumental in building out Jefferies' CLO desk, has left the brokerage in the last few days