World's largest CLO set for downsize to $10.5 billion
The largest CLO in the world is being tweaked with a partial redemption and an extension of its reinvestment period

Sun Life to liquidate publicly-traded IG credit fund
Sun Life Capital Management has decided to liquidate its publicly-traded credit fund, Ryan Labs Long Credit Fund, according to US regulatory filings.

Equity investors call time on CSAM bond-flex CLOs
Two of Credit Suisse Asset Management’s three bond-flex CLOs were called by their equity investors in October, according to notices seen by Creditflux, despite both deals being within their reinvestment periods

Black Diamond CLO fails with buy back offer
Black Diamond CLO 2015-1’s offer to buy back senior notes has not gone through after the CLO’s class A1 and A2 investors did not submit any bonds

Prophet closing hedge fund due to weak CLO liquidity
Prophet Capital is winding down its $500 million-plus CLO and structured credit hedge fund. The firm cites poor liquidity and uncertain valuations as the biggest factors behind its decision

Points up front: Liquidating CLO can’t escape Standard & Poor’s
With over 1,000 CLO tranches on watch across the big three rating agencies, it’s good to see rigorous standards are being maintained and little things like CLO liquidation are not excusing deals from detailed scrutiny

ArrowMark liquidates 2014 CLO after selling assets in February
ArrowMark Colorado Holdings has liquidated its CLO named Elevation CLO 2014-3

Scor introduces swing pricing on European loan fund
Scor Investment Partners has introduced partial ‘swing pricing’ on all classes of its Scor European Loans Fund, effective Friday “to preserve its clients' long-term interest in challenging market conditions”

Solus shutters flagship distressed fund, WSJ reports
Solus Alternative Asset Management has shuttered its flagship distressed debt fund, Sola, as the firm faces big redemption requests and coronavirus-related liquidity issues

Axa terminates $14 billion fixed income mandate with AB as it takes assets in-house
Axa has terminated a $14 billion taxable-fixed income investment mandate with AB

Hadrian Wall tumbles as board calls for wind down of direct lending fund
Hadrian’s Wall Secured Investments' board of directors has decided that a wind down of the fund with cash returned to shareholders would be in the best interest of shareholders, according to a company update

Not energy efficient: manager to liquidate energy credit ETF as AUM stalls
Purpose Investments is shutting down its exchange-traded energy credit fund due to “low assets under management” and the associated cost-difficulties of managing such a fund

TCA liquidates credit hedge fund amid SEC accounting investigation
TCA Fund Management Group is liquidating and shutting down its main credit hedge fund TCA Global Credit Master Fund, according to media reports, after an investigation initiated by Securities and Exchange Commission over the group’s accounting practices

Highbridge refocuses on credit as it liquidates listed multi-strategy fund
Highbridge Capital Management has announced to investors in a multi-strategy fund that it is winding down the vehicle and refocusing its business exclusively towards credit

JP Morgan AM liquidates fund that made CLO warehouse investments
JP Morgan's Asset Management arm is liquidating the $1 billion Palm Lane Credit Opportunities Fund

GSO CLO fund looks to wind up with offer to roll into manager's originator strategy
The board responsible for Carador Income Fund, managed by GSO Capital Partners, has given shareholders an opportunity to wind the fund up, alongside a rollover opportunity for shareholders into GSO's CLO originator fund, Blackstone/GSO Loan Financing

Pension fund set to vote on rescinding York credit commitment and cutting Tricadia
The investment committee at San Bernardino County Employees’ Retirement Association has recommended that the pension fund rescind its commitment to a structured credit fund managed by York Capital Management, and terminate its relationship with multi-strategy credit manager Tricadia Capital Management

Oaktree nominees appointed to Ranger Direct Lending Fund board
Oaktree Capital Management has announced that its two nominees for the Ranger Direct Lending Fund (RDLF) board - Dominik Dolenec and Greg Share – have been voted to the board at Ranger's annual general meeting yesterday.

Credit hedge fund to pay $10 million to settle insider trading case
New York-based Visium Asset Management is to pay approximately $10 million to settle a credit fund insider trading case, 8 May US regulatory filings reveal

CLO manager ‘unable’ to find assets and returns cash
CLO management fees are linked to the size of each deal, so naturally managers will fight tooth and nail to keep their deal structures intact. But PGIM defied this logic last month

Ares emerges as favourite to take over troubled direct lending fund
Following Oaktree’s wind-down request, the board of the Ranger Direct Lending Fund has chosen Ares as replacement manager - moves which could see the fund change its focus from peer-to-peer loan investments to asset-backed loans

Credit Suisse fund to liquidate following underperformance
Credit Suisse is liquidating the Credit Suisse Commodity Access Strategy Fund, which invests mostly in bonds

BlackRock cuts Pine River from its sub-advisory role on alternatives fund
Following a wave of departures, Pine River has suffered another blow, with BlackRock removing it as the sub-advisor to one sleeve of a $100 million multi-strategy fund

Transamerica to liquidate bond fund run by Loomis Sayles
Transamerica Asset Management has revealed plans to liquidate its $196.8 million Transamerica Bond, which has been subdadvised by Loomis, Sayles & Company since 2007

High Ucits fees? Change strategy or face liquidation, report suggests
Substantially high fees on Ucits have led some funds to merge or liquidate, France’s stock market regulator says