Wells Fargo AM becomes Allspring under new ownership
Wells Fargo Asset Management has completed its transformation into Allspring Global Investment 

A&M hires high profile SRT official from StormHarbour
 One of the biggest names in the significant risk transfer industry has joined Alvarez & Marsal in London 

Lazard targets IG, crossover and HY in long/short credit ucits fund
Lazard Asset Management has unveiled a new credit ucits fund that will invest primarily in investment grade, crossover and high yield bonds in Europe and North America

Alcentra appoints liquid credit PM as head of responsible investing
Alcentra has built out a dedicated responsible investing team and has appointed its liquid credit portfolio manager to the newly created role of head of responsible investing

Euro CLO triple A benchmark drops to 94bp as CVC edges to top spot
The benchmark for European CLO triple As has dropped further with levels tightening to 94 basis points over Euribor on CVC’s latest new issue

Brookfield hires industry veteran as public securities CIO
Brookfield Asset Management has hired a long-serving credit and equity market professional as chief investment officer for its public securities group

New York pension favours credit as it pumps $1.1 billion into tech, loans and distressed
New York State Common Retirement Fund has splurged over $1 billion in credit, topping allocations it made in equities and real estate

UK pension readies £1.3 billion listed alternatives fund
The fund will provide liquid access to infrastructure, specialist real estate, private equity and alternative credit

Voya takes 2021 Euro CLO volume past €1 billion as it injects equity in 2020 reset
Voya Investment Management has taken its European CLO volume to just over €1 billion, pairing with Goldman Sachs to reset its 2020 vintage deal Voya Euro CLO IV

Angelo Gordon prints second Euro CLO new issue of the year
Angelo Gordon has priced its latest new issue European CLO, Northwoods Capital Europe 24 via Citi

Chemical co beats widening blues as earnings and inflation drive sell-off
Ineos Group leads a small group of tightening credits that are bucking widening pressure in what is turning out to be a negative end to a choppy week

Certior holds first close on direct lending fund of funds
Certior Capital, the Helsinki-based private credit and alternative investment manager, has held a first close of a European direct lending fund of funds backed by Finnish, Benelux and Spanish institutions

Long duration high yield will overcome short-term rates carnage, says BofA
Bonds with inflation-protected real yield, longer duration, and especially those in the utilities sector are among the most compelling trades amid a phase of ‘policy paranoia’, according to Bank of America credit strategists

T Rowe Price to buy Oak Hill for up to $4.2 billion
Oak Hill is set to become T Rowe Price’s private markets platform, led by Oak Hill’s chief executive officer Glenn August

Banks soak up selling pressure ahead of key ECB meeting
Banks - and particularly those in Italy and Spain - are among the main underperformers in credit as the market cautiously awaits messaging from this week's meeting of the European Central Bank

BofA adds to Euro CLO volume with Permira new issue and Spire triple A refi
Bank of America added €635.6 million to its European CLO arranging volume having priced a new issue for Permira and a partial refi for Spire 

Hayfin prints five-year European CLO reset in fourth Jefferies partnership of 2021
Hayfin Capital Management has paired with Jefferies for the fourth time this year, with a reset of its 2019 deal Hayfin Emerald CLO III

PGIM drops fixed rate triple A tranche in reset
PGIM has paired with BNP Paribas to price the reset of its 2019 European CLO named Dryden 69

CLO Census results: Citi and JP Morgan still top in US but Jefferies breaks through in Europe
Citi and JP Morgan are the clear favourites in US CLO arranging – the pair are locked in a close battle for supremacy over deal volumes and they have been voted joint-best at US CLO execution, according to the results of Creditflux’s CLO Census

Adler spreads return to earth as TUI gains altitude
German real estate company Adler is among stronger performers as credit markets strike an improved tone on Tuesday, while travel company TUI is an outlier to the wide side

Napier Park features highest 2021 triple A par sub in new European CLO
Napier Park has opted for a high par subordination on Henley CLO VI's triple As

Investcorp passes €3 billion 2021 volume with new issue via Barclays
Investcorp Credit Management has taken its European CLO 2021 volumes above €3 billion after pricing its second new European CLO of the year named Harvest XXVII yesterday

LGIM launches European ESG bond fund
Legal & General Investment Management has become the latest manager to launch a European credit fund focused on environmental, social and governance criteria

Global CLO trading lab: bank sells $834 million triple As in quarterly reallocation as hedge fund trades CLO equity
Thursday’s secondary CLO market was the busiest of 2021, with over $1 billion of US CLOs on offer. This featured an enormous b-wic worth $834.3 million, where sources have told Creditflux of the bank behind the aucton. While a large credit hedge fund is said to have sold out of control CLO equity 

Real estate relief boosts high yield but retail rout gathers pace
A mixed week for credit has taken German real estate company Adler back to safer levels while sending two supermarket retailers further into the realms of most risky in the iTraxx Crossover universe