Dispersion begets dispersion in mixed bag of fund returns
Idiosyncratic risks are set to rise in credit, with fund managers becoming occupied with tail risks, and that has been seen in a scattered set of March hedge fund returns

Credit hedge funds (April 2022)
Credit hedge fund returns

GoldenTree sprouts up in North Carolina
GoldenTree Asset Management has opened a new office in Charlotte

MKP partner joins Orchard in new global distribution role
Orchard Global Asset Management has hired an experienced figure from MKP Capital in the newly created role of global head of distribution and investor relations

Credit hedge funds (March 2022)
Credit hedge fund returns

"Rules require 5% risk retention, but for first loss CRS that is not enough"
PGGM's Mascha Canio takes our credit quiz 

Women in CLOs, CLO Summit and Credit Dimensions to return to New York in March
Creditflux has announced our three New York events will now take place at the end of March. We will host Women in CLOs on 28 March, followed by the CLO Investor Summit on 29 March and Credit Dimensions, our event for the synthetic structured credit community, on 31 March

Credit hedge funds (February 2022)
Credit hedge fund returns

Credit Rendezvous: the upside of inflation
It is clear, inflation is not transitory and central banks are acting with several interest rate hikes likely in store for the US this year. That makes loans and CLO debt tranches attractive, but there could be opportunities beyond these floating rate assets

Gapstow expects strategic deals as credit manager M&A volume slumps to $120 billion
M&A volume involving credit asset managers dropped last year with total target value assets under management slumping to $120 billion from $149 billion in 2020 (and $254 billion in 2019), according to Gapstow Capital Partners

Credit hedge funds (January 2022)
Credit hedge fund returns

Citi's former correlation trading star takes on new risk head role
Citi's former head of credit correlation trading has taken on a new role in the bank, becoming head of in-business market risk for global markets

Credit hedge funds (November 2021)
Credit hedge fund returns

Credit hedge funds (October 2021)
Credit hedge fund returns

Credit hedge funds (September 2021)
Credit hedge fund returns

Credit hedge funds (August 2021)
Credit hedge fund returns

Credit Rendezvous: And breathe...
The unanimous verdict is that credit spreads will be moving wider – they have to. But the difficulty credit fund managers face is predicting when the next sell-off comes and how sharp it will be. In the Q3 instalment of Creditflux’s Credit Rendezvous, the over-riding message from portfolio managers is that there’s little point in taking on too much risk. The report features the views of prominent credit figures including Paul Horvath (Orchard), Himani Trivedi (Nuveen), Ronnie Jaber (Onex), Graham Rainbow (Alcentra) and Michelle Russell-Dowe (Schroders). The report looks at 14 segments of the market including CLOs, direct lending, leveraged loans, distressed debt and credit derivatives.  

Ashurst hires senior structured credit and derivatives lawyer
Law firm Ashurst has added a partner to its global markets practice in New York

Fund performance: Déjà vu as April leaders dominate
CLO funds stayed in the top flight for another month as they took over the top 10 credit hedge fund return table in May, when 87% of all funds listed made positive returns

Axa IM extends palm oil policy to cover ecosystem protection and deforestation
Axa Investment Managers says it is expanding its 2014 policy of excluding investments in companies which do not have sustainable palm oil production certificates by factoring in deforestation and ecosystem protection

Ex-NatWest Markets CLO structuring head lands on buy side
A European credit manager has hired Luca Giancola for the "repositioning of its private structured credit business"