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GSO CLO fund looks to wind up with offer to roll into manager's originator strategy
5 years ago
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
5 years ago
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
5 years ago
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
5 years ago
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
5 years ago
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
5 years ago
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
6 years ago
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
6 years ago
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
6 years ago
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
6 years ago
Substantially high fees on Ucits have led some funds to merge or liquidate, France’s stock market regulator says -
Lazard keeps fixed income mandate but loses out in equities in fund-of-fund shake up
6 years ago
Loomis Sayles is set to replace Lazard Asset Management on one of the sleeves Lazard manages for a large Jackson National multi-manager fund, a SEC filing revealed on Friday -
BNP Paribas entity winds up debt fund after falling short of AUM requirements
6 years ago
BNP Paribas Asset Management India has wound up an open-ended mutual fund that was launched in 2013 to invest in government securities issued by central and state government -
Och-Ziff’s multi-strategy funds continue to bleed assets
6 years ago
The embattled hedge fund firm’s AUM is down 14% year-on-year, and its multi-strategy assets – which sat at $31.8 million at the end of 2013 – were down to $13.7 billion in December 2017 -
Virginia pension fund cuts Oaktree high yield account
6 years ago
Virginia Retirement System (VRS) has terminated Oaktree as a high yield debt manager, Creditflux has learnt -
Morgan Stanley Wealth to trim hundreds of mutual funds from its platform
6 years ago
Morgan Stanley Wealth Management is preparing to pull around 600 mutual funds funds from its platform, Creditflux understands -
PDM liquidates CLO funds after 20% per year returns
6 years ago
Permira Debt Managers is liquidating two structured credit funds after generating strong returns -
Points up front: zombie managers near extinction
6 years ago
The long-term nature of CLOs means the market tends to have a large number of zombie managers, those with one or two deals outstanding but no plans for future issuance. However, a spate of redemptions, especially in Europe, has swept away some of the ghostly deadwood. -
Investors crystallise gains through liquidations
6 years ago
Refinancings and resets have dominated 2017, but CLO equity investors have found other ways to make strong returns -
Deutsche AM corporate bond fund to liquidate by mid-March
6 years ago
Deutsche Asset Management is pushing forward with the liquidation of its High Income Opportunities Fund, with final liquidation distributions expected to be made in about three and a half months -
CSAM scores rare double-digit final return for pre-crisis euro CLO
6 years ago
Credit Suisse Asset Management yesterday completed its first redemption of a European CLO, a rare deal that has made uninterrupted distributions to equity since before the crisis -
Loan b-wic suggests liquidation of 2007 European CLO
6 years ago
A loan portfolio circulating in the secondary market this week may represent the liquidation of a 2007 European CLO, based on analysis of its holdings -
Investors call time on Investcorp's 2006 European CLO
6 years ago
Investcorp Credit Management has redeemed the third European CLO the team launched when they were part of Mizuho in April 2006 -
Points up front: dying question
6 years ago
The delicate reason, why it may not be possible to call a CLO.. -
Investors agree wind-up call for KKR euro CLO 1.0
6 years ago
Investors have approved a plan that will allow KKR Credit to wind down a poorly performing 2006 European CLO -
KKR Credit seeks investor wind-up vote for another euro CLO 1.0
6 years ago
KKR Credit has proposed to wind down a 2006 European CLO, according to an investor notice
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