Dean Foods CDS to have one deliverable, with 80 cent pay-out indicated
There will be only one bond deliverable into an auction to settle CDS referencing Dean Foods, the Americas Determinations Committee has confirmed

Ares hires head of credit trading
Ares Management has appointed a head of credit trading in a newly created role

‘Ex’ index trades take off as dispersion peaks
A gap is yawning between how the weakest constituents of CDX HY and iTraxx Crossover trade versus their broader portfolios, leading investors to find new ways to hedge and capture idiosyncratic risk.

Galapagos CDS auction looms with Morgan Stanley added to participating bidders
A credit event auction tomorrow to settle Galapagos Holdings CDS will have 10 participating bidders, with Morgan Stanley having been approved by other dealers to take part

Wells Fargo brings in head of IG credit trading
Wells Fargo has hired a head of investment grade credit trading and a credit sales official to its team in the US

Morgan Stanley joins participating bidders for Weatherford CDS auction
Morgan Stanley has been added to the list of participating bidders for an auction next week to settle CDS referencing Weatherford International CDS, with the Americas Determinations Committee also confirming 17 deliverable obligations on the supplemental list

Morgan Stanley becomes third bank in four months to join CDSClear
Morgan Stanley has signed up as a member of CDSClear at LCH SA

Rallye CDS auction to have 10 dealers and six deliverables
10 dealers will take part in an auction next week to settle CDS contracts referencing Rallye, after the Determinations Committee voted to add Morgan Stanley as a participating bidder

Morgan Stanley grows direct lending arm in New York with two hires
The bank has added a second hire to its private debt team having appointed an ex-Carlyle official to a newly created role as head of direct lending 

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

Bidders line up for PG&E credit event auction
An auction tomorrow to settle CDS referencing Pacific Gas & Electric Company CDS will have 10 participating bidders, after Morgan Stanley was added to the list

Morgan Stanley's fixed income sales dramatically dip in Q4 earnings report
Morgan Stanley's sales and trading net revenues took a dip in 2017, with fixed income net revenues in particular down 31% compared to 2016 figures

Former Morgan Stanley European loan trading head resurfaces on buy side
A Madrid-based manager has hired a senior loan specialist as it launches a new credit fund

Ares raises $2.15 billion in seven months for private credit strategy
Ares Management has raised about $2.15 billion for a private credit fund over just seven months, as it creeps close to its $2.5 billion cap

MUFG hires leveraged finance veteran in London
The firm has hired a new senior appointee to join its leveraged finance team as head of leveraged corporate origination and structuring

Ex-Goldman CLO trader takes on new role at Morgan Stanley
A structured credit pro - who earlier in his career spent five years trading CLOs out of London - has landed at Morgan Stanley in a new role

Morgan Stanley rehires former employee for credit index trading role
Credit trader returns to Morgan Stanley in New York to trade macro credit in indices and options 

Morgan Stanley hires credit trader in Hong Kong
The Asian credit market continues to exhibit signs of growth with market sources indicating that Morgan Stanley has added an Asia-focused credit trader to its team

Former Morgan Stanley credit trader joins French lender in London
A financials credit trader with 12 years at Morgan Stanley under his belt has switched to a rival bank in London

Morgan Stanley credit co-head joins US hedge fund giant
US hedge fund manager hires former co-head of credit trading and credit indices trading 

BNP Paribas hires seasoned structured credit official from rival in New York
Market sources say that a long-serving credit derivatives specialist, who has recently been working on CLO structuring, has left a large investment bank in New York to join BNP Paribas 

Bank hires emerging market specialist from Morgan Stanley in London
A bank is continuing to add to its credit unit by poaching an emerging market sales official from a rival dealer