Credit hedge funds (November 2021)
Credit hedge fund returns

Credit funds at a glance (November 2021)
A round up of fundraising and people moves in credit

Dispersion trades in play as transatlantic rift opens
The return of idiosyncratic risk at the wide end of US and European high yield markets has put index equity tranches for the two jurisdictions on noticeably divergent paths, say correlation traders

Axa IM launches multi-strat fund for pensions
Axa Investment Managers’ ‘alternatives’ business has launched an open-ended strategy for pension funds

LP round up: no Stoptober as investors allocate $5 billion to credit
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates    

Zais and BNP Paribas strike ESG breakthrough with climate change CSO
The growing theme of environmental, social and governance standards helping to revitalise the market for collateralised synthetic obligations appears to have taken a big step forward, with Zais Group and BNP Paribas partnering on a first-of-its-kind deal that could lay a template for future transactions

Ashurst boosts structured finance and derivatives practice as it brings in partner
Law firm Ashurst has hired a structured finance and derivatives specialist as a partner in its global markets practice

BTIG launches structured credit business with four hires
BTIG has launched a new structured products business with three hires from Brownstone and one from Waypoint

Pretium hires senior PineBridge official to spearhead middle east expansion
Pretium has established a presence in the Middle East with the opening of a Dubai office and has hired a managing director from PineBridge to lead the charge

TCW launches 'first' ESG-labelled structured credit fund in the US
TCW has launched what it claims to be the first dedicated structured credit fund with an ESG-label in the US

Brevan Howard buys stake in structured credit fund manager led by former employee
1543 Capital and Brevan Howard have strengthened their ties with market sources indicating that Brevan Howard has acquired a minority equity stake in the manager

Fund performance: CLOs lead but variety is the spice of life
.An assortment of funds have made their mark in August as five different strategies make it into our top 10 for the month

Credit hedge funds (October 2021)
Credit hedge fund returns

Credit funds at a glance (October 2021)
A round up of fundraising and people moves in credit

LibreMax collects $225 million for structured credit fund
LibreMax Capital has closed its fifth drawdown vehicle, LibreMax Structured Opportunities Partners I, at $225 million

Hildene hires business development head from One William Street
Hildene Capital Management has hired a new head of business development

Latham & Watkins hires partner in structured finance team
Latham & Watkins has hired a Chicago-based partner to its structured finance practice

Brigade adds RMBS specialist to its ranks
Brigade Capital Management has strengthened its structured credit team by hiring an RMBS and ABS specialist 

Fund performance: CLOs dominate again as CIFC and Hildene score hat-tricks
CLO funds once again take over the top 10 as seven of those listed with Creditflux invest predominantly in the asset class. So far in 2021, CLO funds have held a majority of the spots in the top 10 on four occasions

Credit hedge funds (September 2021)
Credit hedge fund returns

Credit funds at a glance (September 2021)
A round up of fundraising and people moves in credit

Millennium senior tranche trader jumps to Verition
An experienced synthetic structured credit trader has left Millennium Management in New York to join Greenwich headquartered Verition Fund Management

Credit Fundraising: Blue Owl and WhiteHorse gain from improving animal spirits
Fundraising perked up in July as managers raised $14.9 billion for credit funds - the third highest monthly amount this year

Broadening SRT market defies spread compression
Credit spreads are close to all time tights — high yield, courtesy of CDX HY, recently hit its tightest level since January 2007 — but the significant risk transfer (SRT) market is one of the few pockets of credit where pricing is wide of pre-covid levels

Credit hedge funds (August 2021)
Credit hedge fund returns