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

Destra and BlueBay team up to launch credit interval fund
Destra has become the latest manager to launch an interval fund - Destra International & Event-Driven Credit Fund - which will focus on two strategies: multi-strategy international credit  and event driven credit. 

CIFC lands in Europe with new office and top marketing hire
CIFC has further strengthened its European presence in the credit market, opening a new London office and appointing Muzinich’s Joshua Hughes to head its European marketing

LMCG credit fund doubles in size
Boston-based LMCG Investments has raised at least $72.69 million for its credit hedge fund – more than doubling fund assets in exactly a year, according to US regulatory filings

Hermes hires portfolio managers for asset-based lending and Euro ABS
London-headquartered Hermes Investment Management has strengthened its fixed income team and Stephane Michel and Andrew Lennox as portfolio managers, the firm announced today

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

Alcentra holds $513 million close for CLO-focused fund
Alcentra has held a final close on its third structured credit opportunity fund with $513 million capital commitments - which has the ability to invest in US and European CLO equity, mezzanine tranches and warehouse capital 

BMO agrees deal to acquire brokerage KGS-Alpha
BMO Financial, the Montreal-headquartered bank, has struck a deal to acquire New York-based brokerage KGS-Alpha

JP Morgan keeps up synthetic CDO momentum
Sources say that JP Morgan priced a $500 million synthetic CDO last month, underlining its position as one of the key deal arrangers in this market

Dechert adds ABS specialist as partner
Global law firm Dechert has added asset-backed securitisation specialist Matthew Hays as partner within its global finance practice

Fulcrum launches new multi-strat fund with daily liquidity
Fulcrum Asset Management has launched TM Fulcrum Diversified Liquid Alternatives Fund, which will invest across real assets, alternative credit and diversifiers

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  

Selwood launches $300 million credit fund on Deutsche platform
Deutsche Bank’s liquid alternative platform and credit specialist Selwood Asset Management have teamed up to launch a Market Neutral Credit Ucits strategy, the firms announced.

Credit manager PVE hopes to prosper following rebrand
London-based PVE Capital has restructured and rebranded, forming a new company named Prosperise Capital to replace PVE Capital

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

Carlyle hires three to credit opps team in New York
Carlyle has hired Apollo's Taylor Boswell as managing director on the credit opportunities team, along with Ben Fund and Leo Kang

BNY Mellon taps former JP Morgan director for structured products role
BNY Mellon has hired London-based Elizabeth Grier as director and sales executive focusing on hedge fund, ETF and structured products

Securitisation lawyer joins Ashurst from rival firm Clifford Chance
International law firm Ashurst has hired Thomas Picton as a securitisation partner in its London securities and derivatives group

Angel Oak's new fund to invest in CLOs and structured credit
Atlanta-based Angel Oak Capital Advisors has launched a new mutual fund, the Angel Oak UltraShort Income Fund, which will invest  in residential and commercial mortgage-backed securities, asset-backed securities, CLOs, US treasuries and agency debentures, and corporate credit

Structured credit specialists seek future-proofing in direct lending
At the turn of the last credit cycle, structured credit recovered spectacularly – but credit managers today seem to be gravitating towards private credit as the area to pick up excess returns in a downturn

Structured credit investors look beyond US RMBS
Re-remic, re-performing loans, non-performing loans and single family rental securitisations have come into favour as non-agency RMBS issuance dries up

Texas pension fund approves two new CLO manager mandates
The Texas Municipal Retirement System has approved the appointment of GSO Capital Partners LP and Octagon Credit Investors as CLO managers on its non-core fixed income strategy

DBRS looks to hire to new Frankfurt office
Ratings agency DBRS has strengthened its presence in Europe, opening an office in Frankfurt

Structured credit PM earns promotion as Pimco unveils new managing directors
Structured credit portfolio manager Russell Gannaway is among seven officials to have been promoted to managing director at Pimco