Join the debate: CLO ramp-up failings
“There is one manager out there that has got away with this behaviour for several years. The ‘fight back’ from investors is overdue”

Leading fund: Lupus Alpha CLO Opportunity Notes I
Single-B CLO trades boost Lupus Alpha asset Management

Fishknife: Interval funds are a step in the right direction
They bring their own dangers, but interval funds are a better vehicle for managing illiquid credit than conventional funds

Fund platform AMX eyeballs credit funds
Willis Towers Watson’s hedge fund platform has grown to $1.5 billion – and there is space for credit managers  

Cheyne hires former BlueBay official Robertson to lead new credit unit
Cheyne is targeting below investment grade credit and has hired the former global head of leveraged finance at BlueBay to lead a newly-assembled team of three

Credit manager wins $200 million mandate from Texas pension fund
A west coast asset manager will be responsible for a separate account which will invest opportunistically across the credit market

Isda rules that Puerto Rico power company has triggered credit event
Isda’s Americas credit determinations committee ruled on Friday that the Puerto Rico Electric Power Authority (PREPA) has triggered a failure to pay credit event.

New credit fund manager Caius posts 20%-plus returns for 2017
Recently launched credit fund manager Caius Capital has put in spectacular returns so far in 2017, according to investor sources

Macquarie rehires sales specialist for brokerage role in New York
Macquarie Capital has announced that it has rehired loan sales specialist John Florio for its credit business in New York

Southern US public pension fund bumps up allocation to distressed credit
Redwood Capital gains $200 million for distressed credit as $42 billion pension fund steps up allocation to stressed and opportunistic credit

Imperial Capital adds high yield specialists in New York
Imperial Capital has taken on two senior high yield specialists in its New York office, according to an announcement

Bain adds almost €1 billion of Iberian non-performing loans to its AUM
Bain Capital Credit has announced that it has bought its first portfolio of non-performing loans in Portugal as well as making its ninth such acquisition from a Spanish bank

20-year Citi veteran earns promotion to head of European credit trading
Citi’s global head of distressed debt has been promoted to head of credit trading for Europe, the middle east and Africa, officials at the bank have confirmed

Hayfin raises €2.2 billion for special opportunities strategy
Hayfin Capital Management yesterday announced that it has completed fundraising for its new special opportunities strategy

Energy credit head takes on bigger role at GSO in New York
Dwight Scott has been promoted to president of GSO Capital Partners in New York, according to Bloomberg

Carlyle poaches credit specialist from HPS in New York
Carlyle Group is continuing to pump resources into credit with the firm announcing that it has hired a head of credit opportunities based in New York

Up-and-coming distressed debt manager plans its second fund
A west coast manager led by a group of former Barclays officials is launching its second global distressed debt fund

JP Morgan Asset Management hires distressed credit trading duo
Two JP Morgan distressed credit specialists who left a year ago for a rumoured move to the buy side have turned up on the buy side – back at JP Morgan

Mid-west pension fund approves credit allocations to KKR and Avenue
A mid-west pension fund has upped its allocation to KKR’s latest direct lending strategy

Avenue loses another key European credit portfolio manager
An experienced credit PM has left Avenue to join a $2.3 billion fund manager in a new role

Sound Point targets Italian mid market for special situations fund
Sound Point Capital Management is understood to be targeting between $200 million and $300 million for a new European credit hedge fund

BTIG raids rivals for high yield and distressed talent in New York
BTIG has added three more professionals to its team – taking its tally to 17 hires in fixed income since the start of the year

Head of illiquid European credit set to leave Apollo
Sources say that a high-profile figure within Apollo's credit business is leaving the firm

Distressed specialist parts company with Oak Hill
Market sources say that a distressed debt specialist has left Oak Hill Advisors in London just months after the firm held the final close on a new $2.7 billion fund

West coast pension fund boosts its allocation to Halcyon’s credit business
A major west coast pension allocator to credit has moved to increase its allocation to Halcyon Capital Management after separate account generated 35% return in 2016