Credit funds at a glance (October 2022)
A round up of fundraising and people moves in credit
 

   

Nomura readies multi-strat credit interval fund launch
Nomura Private Capital is readying the launch of a new, closed-ended interval fund which will invest across the credit spectrum - including bonds, loans, CLOs, distressed debt emerging market debt

Marathon sees value in Sofr CLO tranche over fixed-rate option
Marathon Asset Management stole a march on other CLO issuers by including a Sofr tranche as part of a new issue transaction on 10 November via Bank of America. Officials at the company say the Sofr tranche makes a compelling alternative to a fixed-rate tranche

NatWest hires head of Emea leveraged credit sales
NatWest has tapped Nomura for a head of leveraged credit sales position after its head of credit sales left for Jefferies in September 

Nomura closes in on Sofr CLO milestone with 15bp emerging as standard for spread adjustment
Nomura is close to a major breakthrough by arranging the first CLO transaction with a Sofr pricing component

36% of US loans could be repriced amid rally, finds Nomura

Nomura calculates that about 36% of loans are eligible for a repricing. It bases this on the number of loans that are immediately callable, have near-term call risk or are a potential call risk if the loan market continues to rally

NatWest brings in Nomura's head of credit trading in New York
NatWest Markets has announced the appointment of Michael Papa as head of its US investment grade credit trading and credit strategy.

SC Lowy hires Nomura trading head to drive European loan business
SC Lowy, the Hong Kong headquartered fixed income boutique, has hired Nomura's head loan trader in Europe

Ex-Citi CDO trading chief joins Jefferies as head of European fixed income
Jefferies has appointed a former Citi European credit and pre-crisis CDO trading head to lead its European fixed income business

High profile figure in SRT market leaves Nomura in London
A well known figure in the significant risk transfer (SRT) space has parted company with Nomura in London, sources say.

Experienced CLO specialist joins Pretium
Pretium Partners moved into CLO management a year ago and now has $2 billion in AUM in this space thanks to a couple of acquisitions. It has now hired a portfolio manager to deal with the additional AUM

CVC hires Nomura's head of credit structuring for senior CLO role
CVC has hired a global head of CLO origination to join its New York office

Credit trader departs Japanese bank’s London asset management arm
Japanese asset management arm loses corporate credit and credit options trading specialist in London 

Nomura hires head of flow credit trading in London
Nomura has appointed James Milligan as its new head of flow credit trading in London

UBS picks up flow loan trader in London
Flow loan trader joins Swiss lender after leaving rival dealer

Natixis hires head of US credit trading from rival bank
Natixis has made another big credit hire in New York

Credit sales specialist joins Nomura in New York
New York-based credit specialist exits US-banking giant for Japanese lender 

Bank hires ex-Nomura official to fill void left by senior loan specialist
French lender snatches loan specialist from Japanese rival as replacement for recent loss 

Nomura cuts spill over into credit sales
More details emerge of departures from Japanese lender's credit teams  

Nomura takes an axe to London credit desks
Senior Nomura officials working in various departments such as high yield trading, financials trading, research and loan trading, have left the bank

Nomura credit trader joins hedge fund manager in New York
A hedge fund manager is stocking up on credit traders in New York

CLO trader leaves Goldman ahead of move to rival bank in New York
Market sources say that a CLO trader has left Goldman Sachs after almost 10 years at the bank.

Head CLO trader leaves Nomura in New York
A high profile CLO trader has left Nomura, according to well-placed sources

RBC bolsters its CLO desk with well-known sales official in New York
A well-known CLO specialist has recently started working with RBC after leaving a rival dealer in October