ABS investors show increased interest in green securitisations to reach EU climate targets
Securitisation is being touted as a tool to help close the yearly investment gap of €180 billion needed to achieve the EU’s climate and energy targets by 2030, as identified in the European Commission’s sustainable finance action plan, which was published last year.

Ucits at a glance
A round-up of ucits fund performance

Cairn appoints CEO from Oceanwood as Campbell steps down
Cairn Capital has hired a new chief executive officer, who will take over from co-founder Paul Campbell

Investor requirements rather than performance is driving ESG push: Creditflux survey
Only 14% of respondents to Creditflux's global credit ESG survey said performance was the main reason they were adopting envoronmental, social and governance-themed strategies

Arrival of five-year bespokes draws in CLO investors
Synthetic bespoke tranches are undergoing a major shift, with dealers projecting five-year business to supersede previously dominant shorter tenors by the end of 2019.

Bespoke gains pull CLO buyers as market tipped to hit $100bn
Synthetic bespoke issuance could catch up with the more visible CLO market this year, say structured credit specialists

Ashurst hires counsel with structured products experience
Ashurst has appointed a counsel in its global markets practice in Paris

Securitisation Regulation hits European ABS issuance
Issuance in traditional European ABS has been notably slow in the first two months of 2019 following the introduction of the new Securitisation Regulation.

Mizuho appoints Cairn co-CIO as global markets head in London
The announcement follows the departure of the bank's incumbent head of global markets

M&G structured credit PM takes on bigger fixed income origination role
The structured credit portfolio manager, who is based in Europe, changes focus to sourcing investment opportunities across all areas of fixed income

Blackstone builds on multi-asset approach with fifth fund
The new vehicle will invest directly into Blackstone deals across its alternatives platform

Serone expands structured credit team as former GoldenTree official joins
London-based Serone Capital Management has added to its team with the hire of a structured products specialist

GoldenTree adds partner to its structured credit team in London
GoldenTree Asset Management has made a big hire to its London office with a structured credit specialist joining as partner

Hedgers stay put as crossover roll drives trading
Market participants who were positioned short the iTraxx Crossover index, including those using it as a proxy hedge for CLOs, ABS and emerging market credit, are showing greater reluctance than usual to roll into the new series

BlackRock becomes latest manager to explore interval fund structure for credit
Several managers have hit the market with the interval fund structure, as investors look to invest in illiquid strategies through an illiquid fund structure

Steep climb: dealers and investors cross-examine merits of five-year CSOs
The market for bespoke tranches of credit synthetic obligations (CSOs) looks set for further year-on-year growth, but this could depend on expanding activity to longer tenors

Sovereign investors' allocation to alternative credit increase rapidly, finds survey
Sovereign investors are increasing their exposure to CLOs, direct lending and bank loans, according to a 2018 Global Sovereign Asset Management Study published by Invesco this week

Global head of credit correlation leaves JP Morgan to launch new hedge fund
Market sources say that a high profile figure, known to have been responsible for unwinding JP Morgan's 'London whale' positions, has left the bank to start his own hedge fund

BlackRock seeks $1 billion for new multi-strat opportunities fund
The new trust will invest at least 80% of its assets in fixed income securities and up to 40% in special situations, SEC filings reveal 

Credit trader leaves BlueMountain ahead of move to rival hedge fund manager
A London-based credit trader has left BlueMountain after five years amid rumours that he is joining a rival fund manager

Destra and BlueBay team up to launch credit interval fund
Destra has become the latest manager to launch an interval fund - Destra International & Event-Driven Credit Fund - which will focus on two strategies: multi-strategy international credit  and event driven credit. 

CIFC lands in Europe with new office and top marketing hire
CIFC has further strengthened its European presence in the credit market, opening a new London office and appointing Muzinich’s Joshua Hughes to head its European marketing

Carlyle and Oppenheimer opt for interval fund structure as part of JV
The new private credit fund will invest at least 80% across loans and structured credit (Including CLOs), opportunistic credit, direct lending and liquid credit, SEC filings reveal

Alcentra holds $513 million close for CLO-focused fund
Alcentra has held a final close on its third structured credit opportunity fund with $513 million capital commitments - which has the ability to invest in US and European CLO equity, mezzanine tranches and warehouse capital