- Direct lending (123)
- Emerging markets (39)
- High yield bonds (3164)
- Investment grade credit (73)
- Structured credit (97)
- CLO (196)
- Distressed debt (84)
- Credit derivatives (99)
- Marketplace lending (6)
- Real estate debt (28)
JP Morgan AM names CEO with Willcox set to leave5 days ago
JP Morgan Asset Management’s chief executive officer Chris Willcox will step down from his job at the end of the year, according to an internal memo seen by Creditflux
Sun Life merges asset management business to create $159 billion division5 days ago
Sun Life will merge its fixed income businesses - including Prime Advisors, Ryan Labs and Sun Life Institutional Investors - under a new umbrella named SLC Management
US loan trading: CLO managers on cloud nine after Ultimate Software allocations5 days ago
CLO managers took down about 27% of Ultimate Software's loans in April, when the cloud operator issued its $2.3 billion first lien term loan due 2026, according to CLO-i
UK pension scheme quits tobacco7 days ago
Nest is set to go tobacco free across all its investments, with the largest UK pension master trust expecting that the process will take up to two years.
GSO generates $4.5 billion capital for energy-focused credit fund7 days ago
GSO Capital Partners has closed its second energy-focused credit fund with $4.5 billion of capital commitments, the firm has announced. Creditflux understands that the fund originally targeted a $5 billion final close
Senior figure rejoins Credit Suisse to head European capital markets9 days ago
The bank is looking to build out its key European platforms - and has hired an official who left just last summer
US pension replaces Cliffwater with Meketa11 days ago
Connecticut Retirement Plans and Trust Funds has selected Meketa as a consultant to oversee its opportunistic investments, which consists of direct lending and opportunistic credit investments, along with investments in hedge funds and real assets.
CLO managers process Fusion bankruptcy implications12 days ago
12 CLO managers hold $185.2 million exposure to the debt of the cloud services company, which filed for Chapter 11 bankruptcy
HSBC pension chief joins London CIV in top role12 days ago
London Collective Investment Vehicle (London CIV) has appointed Mark Thompson to serve as chief investment officer (CIO), effective from September.
Japanese pension fund turns its attention to credit funds13 days ago
Japan's Government Pension Investment Fund (GPIF) has launched a request for information (RFI) on private debt with the institution looking into new assets classes in a bid to generate higher returns
Wells Fargo names CEO and head of its asset management arm13 days ago
Wells Fargo has promoted Nico Marais to chief executive officer and head of Wells Fargo Asset Management, effective immediately.
Rallye CDS auction date set with three initial deliverables16 days ago
A credit event auction to settle CDS referencing Rallye, the parent of French supermarket chain Casino, will take place on 27 June, with the Determinations Committee having agreed an initial list of three deliverable obligations
Deutsche Bank hires emerging market credit trader17 days ago
Deutsche Bank has added to its credit team in London by hiring a trader of emerging market cash debt and CDS
Welshcake: Sirius has made a strong move in CDS - if it hits the right targets24 days ago
The most tragic of human traits is the proclivity for our inventions to come back and bite us
- Room for 10 more? The average loan overlap among recent European CLOs is 48.7% – so the expected influx of new managers will have to work hard to distinguish themselves from the pack24 days ago
CLO issuance faces threat amid loan definition dispute24 days ago
The clash over Millennium Laboratories’ bankruptcy could have ramifications for the CLO market, and it all hinges on the philosophical question: what is a loan?
Market bemoans Europe’s lack of CLO manager tiering24 days ago
Manager tiering became a hot topic in Europe again last month following Credit Suisse Asset Management’s decision to break with tradition by syndicating its triple A notes in Madison Park Euro Funding XIV, rather than place the notes with an anchor investor.
Cayman Island hopping: EU laws provoke switch in CLO listings24 days ago
The Cayman Islands Stock Exchange (CSX) is set to become the listing place of choice in 2019 for CLOs put together by US managers — at least, according to a bold prediction by law firm Harneys.
Being fully invested can have a greater impact on IRRs than avoiding 2% defaults annually24 days ago
The IRR differential can be as much as 3.3% for a fully invested CLO versus one that maintains a 5% cash balance
Doing CLOs is hard work as recovery lags24 days ago
There’s scrutiny on staffing, structures and, of course, ‘the challenging arb’. But Q4 volatility created opportunity, which led speakers at the Creditflux CLO Symposium to ask for more
Baird targets CLO arranging business25 days ago
A New York brokerage with a CLO trading business is making a pitch to be the first debut arranger of the year. According to market sources, RW Baird has hired CLO origination specialist Mario Verna with a view to building out a CLO primary business. In March, Verna left Guggenheim Securities, where he served on the CLO desk as a managing director.
- Two firms that have been in the market for fewer than seven years were named the top managers at the Creditflux awards last month. Manager of the year Spire only issued its first CLO in 201525 days ago
- A round-up of fundraising and people moves in credit25 days ago
- A round-up of fund performance25 days ago
PE hold periods have shrunk but fast acquisitions can lead to botched integrations25 days ago
Buyout multiples are likely to stay high – but moving fast and specialising can help firms make money
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