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

Creditflux guide: index tranches
Bespokes are back, single name CDS remain popular and credit indices can be very liquid. So why, years after the crisis, are index tranches still in the doldrums? By Tom Davidson

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

Citi promotes European CLO head and co-head of credit correlation trading
Citi – a market leader in CLO origination and bespokes – has promoted officials responsible for these businesses.

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

Creditflux guide: credit indices
The CDS indices remain one of the most liquid parts of the credit market, with billions of dollars’ worth of trades taking place each day

They said it
“If you never get a speed ticket, you’re not driving fast enough”

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

West coast manager's long-short credit fund hits $595 million
Symphony Asset Management has raised $594.90 million for its BayCity Long-Short Credit Fund, a $10 million increase in just over a year

Symphony earns $200 million of inflows for long-short credit fund
An offshore credit fund distributed by Symphony Asset Management has raised almost $200 million in a year, regulatory filings reveal

Barclays buys protection on $1.6 billion global credit portfolio
Barclays has completed a new reg cap trade, according to a recent ratings announcement by DBRS

Founder looks to take structured credit manager Zais private
Founder Christian Zugel has bid to take Zais Group private, ending its two year stint as a public company

Creditflux guide: single name CDS
Credit default swaps aren’t used as often as they were, but they are still a quick way for investors to hedge or take a position on names in the credit market

Californian boutique Illumination kicks off fundraising for new credit fund
California-based Illumination Asset Management has opened its IAM Credit Opportunities Offshore Fund to investment and has already raised $22 million

Former Anchorage pair seek investment in two new Diameter funds
Credit start-up Diameter Capital Partners, founded in February by two credit professionals from Anchorage, has opened two new funds to investment

Magnetar shoots for the stars with plans for $1 billion fund
Alternative asset manager Magnetar Capital has raised about $149.6 million for Magnetar Constellation Fund V

Private equity firm Gryphon moves into credit with $100 million fund
The San Francisco-based firm has announced a first and final closing of its mezzanine fund at its cap of $100 million of aggregate commitments