AlbaCore promotes two employees to partner
AlbaCore Capital Group has promoted investor relations specialist Zeynep Tumer Bayazid and deputy chief operating officer Micaela Kelley to partner

Hedge fund seeks structured credit PM with strategy expansion
European hedge fund Ironshield Capital is looking to expand into structured credit with the London-headquartered manager seeking a structured credit portfolio manager or portfolio team to manage a new structured credit fund

Sourcing channels help Aeon flow into CRE CLOs
There is a growing buzz in Europe for CRE CLOs, with Aeon Investments and Blackstone among the issuers tapping into this nascent market, which opened a year ago courtesy of a deal from Starz Realty Company

CDS volume jumps by 50% as investors seek new ways to do business
Credit derivatives traders are wrapping up a bumper year, in which there was a big increase in volume and a growing number of use cases for the product

Fund performance: Light at the end of the tunnel for credit funds after difficult year
Following a tough September, credit funds bounced back in October as 59% of funds made positive returns.

Credit hedge fund returns (December 2023)
Credit hedge fund returns

Credit funds at a glance (December 2023)
A round up of fundraising and people moves in credit

EIB backs German bank's SRT
Landesbank Baden-Württemberg has issued an SRT with support from the European Investment Bank.

Novicap raises €200m for credit platform and passes €1bn volume
Novicap, a fintech company offering working capital optimisation solutions to SMEs and mid-market corporations, has raised €200 million for its credit platform and hit a €1 billion trade milestone

LP round up: 27 managers find the top corner with investor wins
Credit fund managers like to take it one fund at a time and give it 110% for their 90-minute investor fund pitches - and it's working as $3.8 billion was allocated during November and early December. The gaffer would be proud. 

400 Capital raises $580 million for third asset backed credit fund
400 Capital Management has closed its third asset backed fund 400 Capital Asset Based Term Fund III at $580 million

BayernLB reveals two investors behind breakthrough €1bn SRT
Bayerische Landesbank says it has produced its first simple, transparent and standardised (STS) transaction in the form of a €1 billion SRT

BlackRock launches impact bond fund
BlackRock has launched a fixed income fund focused on green, social, and sustainable bonds as well as ‘impact’ MBS and municipal investments

Structured credit gains focus from 75% of UK pensions: Aeon
Three quarters of UK pension schemes say they are increasingly focused on structured credit products

Cairn begins "new chapter" as it rebrands to Polus
Cairn Capital has been renamed Polus Capital Management, which brings it together with Bybrook Capital, the credit asset manager it acquired in 2021.  

Fund performance: Wake us up when September ends
After a resurgent August, credit markets hit a rough patch in September, with every Creditflux index posting negative returns, and only 12.9% of funds in our listings showing a positive return.

Credit hedge fund returns (November 2022)
Credit hedge fund returns

Credit funds at a glance (November 2022)
A round up of fundraising and people moves in credit

Franklin Templeton wraps up deal for $35bn Alcentra
Franklin Templeton has completed its acquisition of BNY Mellon’s $35 billion credit unit Alcentra

Apollo and Pimco buy ‘significant portion’ of Credit Suisse's securitised products group
The move has prompted a rally for Credit Suisse, which on Thursday unveiled a strategic review “designed to reduce risk-weighted assets and leverage exposure”

Deutsche hires credit strategy head from rival bank
Deutsche Bank has hired a new head to oversee European and US credit strategy

Aeon prepares for series of UK CRE CLOs after signing £900m warehouse
Aeon Investments has closed a £900 million (€1,025 million) CRE CLO warehouse, which it says is backed by three loans

One-year CSOs come to fore as investors predict widening
With credit spreads entering the fourth quarter at much the same elevated levels they began Q3, investors are increasingly looking to bespoke tranches as a way of taking advantage while mitigating the market’s tail risks.

Eagle Point and Investcorp are latest CLO firms to target SRTs
CLO investors and asset managers are increasingly warming to significant risk transfers (SRTs), with Eagle Point Credit Management and Investcorp Credit Management two recent examples