BlackRock raising $2.5 billion for direct lending fund: report
BlackRock is seeking to raise $2.5 billion for a private credit fund – and has already hit the $1.5 billion mark in sales, according to a Bloomberg report

Nomura and Investec report 48% gender pay gap
With the deadline for UK companies to publish their gender pay gap reports looming at midnight tonight, a slew of asset management firms have filed reports showing male employees are paid up to 49% more than their female counterparts

Spreads tighten once more as manager becomes first to price five 2018 CLOs
A CLO manager has become the first to price a fifth CLO transaction this year

Ohio pension backs BlackRock multi-asset and BlueBay direct lending funds
BlackRock and BlueBay have each won commitments from a $14.7 billion Ohio pension fund

European CLO round-up: Voya debuts in Europe as managers opt for dual-compliance
Europe has today welcomed a new manager with Voya Alternative Asset Management getting off the mark by pricing Voya Euro CLO I. That's now 41 active managers in Europe

BlackRock adds new ETF to $1.8 trillion iShares platform
BlackRock has unveiled a new addition to its suite of target maturity fixed income ETFs, with the iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) rolling out this week

BlackRock prices dual-compliant European CLO
BlackRock priced its first new issue CLO of the year yesterday, which is set to close on 9 May

BlackRock cuts Pine River from its sub-advisory role on alternatives fund
Following a wave of departures, Pine River has suffered another blow, with BlackRock removing it as the sub-advisor to one sleeve of a $100 million multi-strategy fund

BlackRock hires two arrangers as it markets first new US CLO of 2018
BlackRock is preparing its first new issue CLO in the US market since June last year

BlackRock's latest global credit fund rakes in $388 million
BlackRock has raised $388 million for its new Global Credit Opportunities Fund in what appears to be a first close

B-wic round up: investor flips 2018 CLOs without waiting for the closing date
Flipping CLOs is not an unusual trade. But it is when it's done before a transaction has even closed

MFS hires former BlackRock fixed income portfolio manager
London-based MFS Investment Managmeent has appointed former BlackRock’s Owen Murfin as an institutional portfolio manager

Euro CLO round-up: Managers race to the bottom as spreads dip below 70bp
With the recent ruling in the US causing uncertainty, managers including Blackrock and Bain have been ensuring they’re risk retention compliant on both sides of the Atlantic. Meanwhile, European CLO spreads continue on a monumental rally

BlackRock prices reset of debut Euro CLO
BlackRock Investment Management has reset its debut European CLO from 2016, according to market sources

20-year Credit Suisse veteran joins BlackRock in New York
BlackRock has hired Brent Patry, the former vice chairman of Credit Suisse's acquisition and leveraged finance division

Ex-BlackRock fixed income pair launch cryptocurrency fund
A pair of former BlackRock bond specialists are launching a London-based cryptocurrency hedge fund known as Prime Factor Capital

T Rowe Price poaches multi-asset professional from BlackRock
T Rowe Price has grown its multi-asset team in the Asia-Pacific (Apac), hiring Wenting Shen as a solutions strategist

US CLO round-up: who's going to be first to break 100bp?
US CLO spreads continue to rally and the question on everyone’s lips right now is: “when [not if] will triple As dip below 100 basis points?”

BlackRock prices second short-dated reset with additional junior tranche
BlackRock has priced its second short-dated CLO reset in as many weeks, this time teaming up with Citi to arrange the deal

BlackRock adds new single B tranche in unusual CLO refi
The manager priced a refi with a twist yesterday its first CLO deal of 2018 yesterday 

BlackRock's AUM increases 22% in a year as ETFs contribute to growth
BlackRock’s assets under management have surpassed $6.2 trillion following “a record year” for the firm in 2017, company officials said in a recent earnings call

Alcentra hires former BlackRock US loan and CLO chief
Alcentra has announced the appointment of Leland Hart as managing director and head of US loans and high yield

US CLO debt tranches trade at a premium in secondary market
CLO secondary market in 2018 opens with four positions trading at a premium

Manager sells 2017 CLO to 67 investors and claims top spot in Creditflux ranking
Creditflux's CLO syndication survey results are in and its a large asset manager that claims top honours

BlackRock targets European investors with global macro opportunities fund
Known as BSF Macro Opportunities Fund, the strategy will provide long/short multi-asset exposure and offer daily liquidity