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  

CBOs return as Anchorage second deal takes year's tally to three
Anchorage Capital on Wednesday priced the third US CBO of the year, with outflows from the high yield market having prompted CLO and bond-flex CLO managers to step in to try to take advantage of deeply discounted bond prices

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

Credit Fundraising: mega funds contribute to record-breaking month as volume hits $39bn
The sheer size of the funds raised in November more than compensated for a drop in the number of funds raised as fundraising volume in credit reached $38.9 billion. This beat September by $2.4 billion to make it the most productive month of credit fundraising in 2021

Goldman Sachs strikes €1.6 billion deal to buy Dutch asset manager NNIP
Goldman Sachs has struck a €1.6 billion deal to buy focused Dutch asset manager NN Investment Partners from insurer NN Group

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

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

LCH goes live with Sub Fin CDS clearing
Clearing house LCH has expanded its CDSClear service to clear the iTraxx Europe Subordinated Financials index and its 30 single name CDS constituents

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

Barclays rehires high yield credit trader from Goldman Sachs
A high yield specialist has become the second credit trader in as many months to rejoin Barclays from Goldman Sachs

CDS food fight as UNFI sues Goldman Sachs over SuperValu deal
United Natural Foods Inc (UNFI) has summoned Goldman Sachs to court, accusing the bank of bad faith in the way it handled the US retailer’s buyout of SuperValu last year, a transaction which caused the target firm’s CDS spread to bloat by over 200bp in one day

Goldman drops New Mountain and makes a new hire in subadvisor switch-up
The Goldman Sachs Multi-Manager Alternatives fund has switched up its suite of subadvisors, with New Mountain no longer managing event driven and credit strategies for that fund

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

GSAM loses another co-portfolio manager on $4 billion high yield fund
A former managing director has left Goldman Sachs Asset Management (GSAM) just months after one of his co-portfolio managers departed the firm, US SEC filings indicate

GSAM poaches AB’s Ashish Shah as global corporate credit head
Goldman Sachs Asset Management's fixed income team has hired Ashish Shah as partner and head of global corporate credit, according to an internal memo seen by Creditflux

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

Goldman Sachs BDC and university endowment extend JV’s investment period
A joint venture between Goldman Sachs BDC and University of California Regents has extended its investment period for two months, regulatory filings show

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

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