Creditflux

Credit CIO Finch leaves GLG
Simon Finch has parted ways with Man GLG, according to market sources, ending an 18-month stay at the firm where he served as chief investment officer for credit

Cordet confirms senior direct lending appointment in London
Cordet Capital Partners has appointed Rothschild’s former co-head of direct lending as its chief credit officer, following the departure of current CCO Björn Börjesson

AB launches US CLO business after hiring from Sculptor
AB is building on its middle market CLO business by launching a broadly syndicated loan CLO platform, according to a company announcement. AB's majority owner, Axa Equitable, will fund the new product offering, according to AB, which presumably means that it will invest in the equity of forthcoming AB CLOs

Weil brings in direct lending specialist from Kirkland & Ellis in Hong Kong
He primarily advises direct lending funds and borrowers on cross-border leveraged and acquisition finance transactions

Macquarie appoints ex-UBS official to build new asset-based finance business
Macquarie Capital is building a asset-based finance platform has appointed ex-UBS official to lead the new group

CVC adds Alcentra official to investor relations team in London
CVC Credit Partners has appointed a managing director in its investor relations team from Alcentra 

BlueMountain starts new chapter as co-founder leaves and it winds down hedge fund
There are sweeping changes taking place at BlueMountain Capital Management, with the firm announcing that co-founder Stephen Siderow is leaving and that it is winding down its flagship hedge fund, BlueMountain Credit Alternatives Fund

NNIP's private debt head moves to private equity job
The team leader for direct lending, loan portfolio financing and non-performing loan securitisations at NN Investment Partners has moved to a senior private equity job at AnaCap Financial Partners

Ropes & Gray adds two global finance partners in New York
The law firm has poached two partners from Willkie Farr & Gallagher

Managers have leeway even after triggering key person event, finds Ropes & Gray
Almost all credit managers offer protection to investors that key employees will continue to manage the fund’s assets throughout its life, with 95% credit funds containing such "key person clauses". But that does not mean managers have their hands completely tied

Wells Fargo AM makes senior marketing hire
Wells Fargo Asset Management has appointed Kelly Vives as head of marketing, according to an internal memo seen by Creditflux

KKR bolsters global impact team
Investment firm KKR has appointed two senior professionals within its global impact team, as it looks to strengthen its geographic reach and local impact  

Past returns: From zero to $7.6 billion in five years
Five years ago in Creditflux we reported that Angelo Gordon was planning to move into US direct lending. Shortly after that the firm created a middle-market subsidiary known as Twin Brook Capital Partners and drafted in Trevor Clark and Chris Williams to lead the venture after the pair had left Madison Capital in 2013.

Credit funds at a glance
A round-up of fundraising and people moves in credit

HSBC Global AM hires to private markets team in London
HSBC Global Asset Management has appointed Jorge Huitron to serve as senior product specialist for private markets, within its alternatives team

Dubai-based manager bolsters private debt team
Gulf Capital has expanded its regional private debt platform, Gulf Credit Partners, with the appointment of two senior professionals in Dubai

Highland co-founder Okada to leave the firm
Mark Okada, co-founder of Dallas-based Highland Capital Management, will retire at the end of the year

Mediobanca hires former credit derivatives trading head
Mediobanca has hired an experienced credit trader to its office in Milan

SMBC hires bank's head of US loan trading
Leveraged loan trader Ed Schuhmann has moved to Sumitomo Mitsui Banking Corporation

Kames names replacement as CEO steps down after six years
The UK fund manager has appointed its chief investment officer as interim CEO 

Franklin Templeton reorganises long-short credit fund team
Asset manager Franklin Templeton Investments will make changes to the portfolio managers for the Franklin K2 Long Short Credit funds, effective from October

Akin Gump adds debt finance partner in London
The new hire joins Akin from Pricoa Private Capital, the private debt investment arm of Prudential Financial

Man GLG shakes up US CLO team with new leaders
Man GLG has assigned leadership of its US CLO business to an experienced pair in New York

Axa IM appoints head of European loans
Axa Investment Managers has promoted a senior portfolio manager to head of European loans

Dechert adds funds partner in Dublin office
Dechert adds official from Maples Group