Credit funds at a glance
Credit funds at a glance

Mizuho hires Deutsche Bank's head of macro credit trading
Mizuho Financial Group has hired Deutsche Bank's head of macro credit trading in New York

SRT market grows to EUR 18.5bn of junior tranches in 2023
Banks executed 89 synthetic securitizations for SRT globally in 2023, according to the IACPM’s latest synthetic securitization survey

Funds round up: May 2024
The demand for SRT strategies and special situations funds are on the uptick, as is the demand for managers and funds outside of North America. 

Chorus Capital raises funds for SRT strategy
Chorus Capital has raised approximately USD 481.8m for the Chorus Capital Credit Fund V, according to a 3 May SEC filing

Canadian hedge fund Polar closes SRT fund with USD 300m
Polar Asset Management Partners attracted USD 300m from investors as the Toronto-based hedge fund ramps up a dedicated fund for significant risk transfer, or SRT

Secret structured credit product becomes talk of the town as US opens up
What was once an opaque corner of structured credit has been in the spotlight, as the booming SRT market draws attention from growing numbers of banks and investors.

CLO funds maintain strong start to 2024 to stay top year to date
The first quarter of 2024 has been a memorable one for CLO funds, as the category continues its dominant spell, claiming 7 of the top 10 spots in March

Credit hedge funds
Credit hedge fund performance

Credit funds at a glance
Credit funds at a glance

In September, the Fed said financial institutions could transfer risk to SPVs
The Fed’s reading of Basel 3.1 could double capital requirements — so it’s just as well it is softening on risk transfers.

Funds round up: April 2024
Allocations to private credit and new fund launches continued to roll out in April, as our monthly round-up confirms

AXA wins USD 400m for SRT strategy from US pension fund
The growing global demand for SRT transactions was confirmed yesterday with an announcement from AXA IM Alts that it had been awarded a USD 400m investment mandate from a US pension fund

MGG raises more than USD 400m in first close of lower middle market fund
MGG Investment Group has filed the first close on its MGG Structured Solutions Fund II, offering capital solutions to non-sponsor backed companies

Cheyne returns to SRT market with eye-catching hire
Cheyne Capital has re-entered the significant/synthetic risk transfer (SRT) market, bringing on an industry veteran to act as portfolio manager

US regulatory capital deals are increasing — and not just for big banks
US regulatory capital deals are increasing — and not just for big banks

Credit hedge funds
Credit hedge fund performance

Relative to Airbus, Boeing was long accountants but short engineers
A qualitative approach can help investors spot boards that are too focused on short-term returns

IACPM survey finds credit PMs still gloomy, but less so than last quarter
Respondents to the latest IACPM Credit Outlook Survey are still negative about future credit conditions, but less so than in previous surveys

New CDX.HY index should see intrinsic roll of 24bps, according to Barclays
With the CDX.HY roll happening in just a few days attention is turning to the next version of the index, which will see four constituents change

Credit hedge funds
Credit hedge funds

Credit funds at a glance
Credit funds at a glance

A strong year for CLO strategies
After the pain of 2022, credit fund managers must have been praying that 2023 turned out better. It did.

Fund performance: CLO funds dominate top 10, but long-short and Ucits funds find places too
CLO funds made sure to end the year their way: once again they claimed most of the top performance spots. Six of the 10 best-performing funds in December have a majority of their assets invested in CLOs.

Credit hedge funds
Credit hedge fund performance