Leveraged loan, HY defaults to pick up as tariff pause adds more uncertainty - Goldman
The bank expects macro challenges to continue despite the tariff pause  

JetBlue's new loan struggles to take flight
CLO managers had less appetite for JetBlue’s new loan after the airline was downgraded to B3 and B- 

Loan traders eagerly await electronic trading solution
The announcement of Octaura’s electronic loan and CLO trading platform last month has been met with positivity by market participants, who laud the unified approach taken by large investment banks in supporting the initiative

Octaura's real-time trading solution paves way for loans and CLOs to drop illiquid tag
The unprecedented cooperation between CLO trading desks that culminated last week in the launch of Octaura could change the way credit investors judge the relative value merits of loans and CLOs versus liquid alternatives such as high yield bonds

Seven dealers join forces over loan/CLO platform led by Bejile's Octaura
The industry-wide initiative to create an electronic loan and CLO trading platform has taken a big step forward with Citi’s Brian Bejile spearheading newly-formed Octaura Holdings. 

Banks join fight against slow loan settlement in mini-win for CLOs
Several developments are in the works to tackle painfully slow loan settlement times in Europe, with Goldman Sachs, JP Morgan, Clifford Chance and the Loan Market Association among the firms looking to drive change

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

Apollo appoints head of credit valuations from sell-side
Apollo has appointed a head of credit valuations, as its previous head of credit valuations has transitioned internally to cover private equity valuations

Goldman Sachs collects $6.4 billion for opportunistic credit fund
Goldman Sachs’s merchant banking division has collected $6.4 billion from more than 1,500 investors on its inaugural opportunistic credit fund, West Street Strategic Solutions I

LP round up: managers keep fundraising hopes high as GSO targets $7.5 billion for mezz offering
Institutional investors allocated $1.6 billion into credit this week, according to documents seen by Creditflux

A different kind of crisis
Panellists on Creditflux’s US CLO webinar were positive about the robustness of CLO structures and the role of cure contributions. But they warned about zombie defaults and gaming tests

Goldman Sachs AM explores interval structure for credit fund
Goldman Sachs Asset Management has begun marketing for an interval fund primarily focused on credit investments

Goldman Sachs’ co-president and COO Schwartz to retire
Goldman Sachs has announced that Harvey Schwartz, the group’s president and co-chief operating officer, is retiring and will step down effective 20 April 2018. David Solomon will now serve as sole president and COO

Credit specialist poaches Goldman Sach's Eric Muller in New York
Credit specialist Oak Hill Advisors has hired New York-based Eric Muller from Goldman Sachs Group, according to a market source

Goldman earnings reveal 18% decrease in institutional client services revenue
The Goldman Sachs group has reported mixed results in its latest earnings release, revealing a dip in institutional client services revenue in 2017 compared to the prior year, but overall net revenues of $32 billion for 2017

Alarm maker's consent fee gambit attracts attention
Bond holders agree covenant waiver to let Hellman & Friedman carry out huge dividend refi  

US managers win South Korean investment
Ares, Audax and KKR are among the cluster of fund managers that have put their hearts and minds into marketing credit funds in Seoul – with great success

Past returns: drawing crowds is not easy for bond trading platforms
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Experienced financials trader leaves Deutsche to join rival in London
Deutsche Bank has now lost two members of its financials credit trading team in two months. The pair joined Deutsche to much fanfare less than a year ago

Goldman hires Barclays trader to co-head European flow credit
Goldman Sachs is continuing to revamp its credit business in London with an experienced credit trader joining the bank as co-head of European credit flow trading

Goldman's credit correlation head takes on top trading role in London
A Goldman Sachs veteran is leaving the bank after 17 years and sources say that the head of credit correlation trading at the bank is stepping up to head European credit trading

Credit trader switches to Goldman's lending unit
Goldman Sachs Special Situations is becoming one of the most sought-after places to work

CLO trader leaves Goldman Sachs in London
A CLO trader, who had been at Goldman for 14 years, has left the bank