Anchorage wins $75 million ticket for global credit fund
A US pension fund has approved an investment in the upcoming Anchorage credit fund

Strengthen CDS definitions to stop engineered defaults, say lawyers
The likelihood of stamping out manipulation in the credit default swaps market – namely the practice of staging credit events – is remote, say market sources

Cheyne generates double-digit returns for hedge funds
Cheyne Capital has delivered with two credit hedge funds that have reached their maturity

AB names fixed income co-heads and replaces Ashish Shah on two funds
Following the departure of Ashish Shah, who was AB's head of fixed income and chief investment officer, Will Smith has been appointed co-manager on two bond funds. Meanwhile, the firm has named two co-heads of fixed income

Virginia pension fund cuts Oaktree high yield account
Virginia Retirement System (VRS) has terminated Oaktree as a high yield debt manager, Creditflux has learnt

Altegris and Artivest merge to form alternatives investment platform
Alternative investment research and management firm Altegris, based in La Jolla in California, has merged with New York-based alternative investment technology firm Artivest

Octagon looks to invest up to $500 million in CLOs with new fund
New York-based Octagon Credit Investment is raising money for its third CLO opportunity fund, according to recent SEC filings

New York-based manager rebrands long-short credit fund
The $107.5 million vehicle, which was previously known as Collins Long/Short Credit Fund, has rebranded as CrossingBridge Long/Short Credit Fund

HSBC announces $550 million second close for diversified loan fund
HSBC Alternative Investments has announced the second close of its diversified loan fund, which will combine both loan investing and direct lending

CIFC moves into US high yield with unique long/short credit strategy
US high yield credit is hardly top of the agenda for fund managers at the moment, but CIFC Asset Management is taking a two-pronged approach to building out a new business line in this area

Brigade co-founder to leave the firm
Brigade Capital Management's co-founder Pat Kelly is leaving the firm, according to market sources

JP Morgan AM professional to lead spin-out of credit hedge fund
Former JP Morgan Asset Management portfolio manager Fahad Roumani appears to be gearing up to lead a spin-out firm, which will manage the JPS Credit Opportunities Fund under its new name

Fund of hedge fund operator appoints new CFO and COO
Alternative investment firm Gapstow has appointed a new chief financial officer and chief operating officer, promoting internally to fill the roles

Citadel hires credit portfolio manager from rival in New York
A credit derivatives specialist, who has been overseeing performing credit globally for a large hedge fund manager, has landed at Citadel

Indianapolis manager reaches final close for $310 million mezzanine fund
The Indianapolis-based manager has held the final close on its fourth mezzanine debt and equity investment fund, hitting its hard cap at $310 million 

Massachusetts pension fund awards $275 million to credit managers
Massachusetts Pension Reserves Investment Management Board (PRIM) has mandated up to $275 million to private credit funds, according to board documents seen by Creditflux

Former Claren Road professionals raise more than $274 million for credit fund
New York based Duane Park Credit Management has raised more than $274 million for its credit fund since launching in 2016, regulatory filings indicate

US pension scheme puts $100 million into top-performing CQS fund
A multi-strategy credit fund run by CQS has earned a $100 million commitment from a US pension fund

Nomura renews interest in synthetic CDOs by targeting full-cap deals
After sitting on the sidelines last year, Nomura has returned to the bespokes space

Texas manager raises $73 million for private credit fund
Highcrest Capital has the backing of 159 investors to date for its flagship private credit fund, regulatory filings indicate

T Rowe Price drops operating expenses on credit opps fund
Operating expenses on the fund’s Class I shares will drop by 4 basis points, from 70bp to 66bp, as of 1 December

BlueBay joins credit interval fund rush
London-based manager could be first to launch interval fund based on mainly non-US credit

Fund manager with UHNWI following raises $25 million for long-short credit
An asset manager based in Florida, which has successfully sold credit funds to ultra high-net-worth individuals, has rased $25 million for a long-short credit fund

Long-short manager Kingdon grows its credit fund
Kingdon Capital Management's credit assets under management have increased over the last year, SEC filings suggest