Creditflux parent rebrands as Acuris
Creditflux’s parent company gained a new name last month, with Mergermarket Group relaunching as Acuris

EM local currency boosts Brandywine hedge fund
A switch to emerging markets has proved profitable for Brandywine

Fund platform AMX eyeballs credit funds
Willis Towers Watson’s hedge fund platform has grown to $1.5 billion – and there is space for credit managers  

BlueMountain hires fund distribution specialist from Paulson
BlueMountain Capital Management has poached Claudio Macchetto from Paulson and assigned him to the newly created position of head of platform distribution

Isda rules that Puerto Rico power company has triggered credit event
Isda’s Americas credit determinations committee ruled on Friday that the Puerto Rico Electric Power Authority (PREPA) has triggered a failure to pay credit event.

Saba to close London office, reports Reuters
$1.7 billion hedge fund manager Saba Capital Management is closing down its offices in London

Tages switches Ucits fund to PSAM after recent hire
PSAM hire sees Tages terminate its agreement with Fore and hand over managerial responsibilities to PSAM

GoldenTree squares up for huge credit interval fund launch
GoldenTree Asset Management has partnered with a retail distribution giant on the latest example of a credit interval fund, according to SEC filings

Banco Popular becomes first credit to trigger new-style CDS
Isda’s credit determinations committee ruled on Friday that Spain’s Banco Popular has triggered a “government intervention” credit event on its credit default swaps

Protection holders look to trigger default on HCR ManorCare CDS
Action follows Debtwire report that lenders have accelerated nursing provider's loans following a covenant breach

Senior European investment grade credit trader exits Citi
The head of investment grade single-name credit trading at Citi has left the bank after just nine months

Credit fund manager snaps up BlueMountain's CEO for Europe
BlueMountain has announced leadership changes following the departure of Nicholas Pappas - with sources informing Creditflux that he has signed up with another large fund manager as head of credit

Pension giant AP4’s Erlandsson joins Granit to raise green credit fund
Stockholm-based asset manager Granit Fund has made a big name hire in credit, taking on Ulf Erlandsson with a view to launching a new green bond hedge fund this year

Alva's 'disruptive' fund joins Creditflux listings
A London-based manager is making waves with a tech-focused credit fund

Waterfall looks to add derivatives to its credit managed account
A US pension fund looks set to approve a change to its account with Waterfall, which will see the manager gain the ability to use derivatives as a hedging tool

Citi tests the market for three-year bespokes
There is increasing appetite for credit derivative risk with Citi looking to extend the maturity of its deals 

Citi promotes a familiar face to head European credit structuring
Citi has promoted a long-time Citi staffer to the role of head of credit structuring for the Europe, mid East and Africa region

Parex's bond for loan swap traps CDS holders
French cement firm's move leaves hedge funds abandoning orphan