Loomis Sayles promotes official to structured credit portfolio manager
The Boston based official will co-manage the Loomis Sayles Investment Grade Securitised Credit strategy with Alessandro Pagani, head of the $30.4 billion mortgage and structured finance team

Prophet ends 2020 on high with new-look structured credit platform
Prophet Capital has revamped the liquidity profile of its structured credit platform after restructuring its CLO and structured credit hedge fund, which it gated back in March amid the market sell-off. The fund manager managed to grow assets under management after 2020's rocky start

Stone Point and Wilton Re invest $100 million in Nassau
Nassau Financial Group says Wilton Reinsurance Company and Stone Point Credit have invested $100 million in its business through a new series of non-cumulative perpetual preferred equity

Munich Re makes senior structured credit hire
Munich Re has hired one of the co-heads of structured products solutions at Mizuho to join its team in London

2020 wrap: CLO funds bloom despite rocky ground
2020 was a busy year for CLO fundraising, with Creditflux recording at least 30 funds that launched over the 12 months to invest across the CLO capital structure

Spanish boutique goes for growth with CLO equity fund
Arcano Asset Management has plans to develop its product suite in 2021, including launching a dedicated CLO equity vehicle, its second opportunistic credit fund and second revolving credit fund, according to the firm

Fund performance: CLOs look to continue recovery with end of the year in sight
CLO funds claim the majority of positions in our top 10

Signs of new dawn as tranche volumes smash past $250bn
Last year, people formed fresh habits as they adapted to the coronavirus pandemic. Similarly, in credit, a breakthrough year for the CDS tranche market is leading participants to believe that elevated tranche volumes are here to stay

Past returns: Barclays gambles and wins on Zohar
Five years ago in Creditflux, we reported how Barclays had made gains from its investment in the debt of Zohar CLO I, a deal which was filed into bankruptcy by manager Patriarch Partners a few months earlier

Zombies demand brain work from tranche traders
Outperformance of junior tranches and underperformance of senior was the big theme in CDS index tranches going into December. But the picture began to change as Creditflux went to press

LP round up: pensions plan private credit pacing as strategic credit takes on "midfield" role
US pensions have allocated $1.4 billion across 22 credit funds including those managed by Angelo Gordon, Ares and GoldenTree, according to recent board documents seen by Creditflux. Meanwhile a pension fund draws parallels between strategic credit and Jordan Henderson

BlueCrest settles SEC charges of favouring internal fund over client capital
BlueCrest Capital Management has agreed to pay $170 million to settle charges related to a fund that managed internal capital

400 holds $430 million final close on opportunistic structured credit fund
400 Asset Based Term Fund II will invest across structured credit including special situations, risk-transfers, and liquidity premium opportunities in the primary and secondary markets

CSLA raises $226 million for Asian private debt fund backed by rated debt
The joint venture, named Lending Ark Asia Secured Private Debt Fund, will invest across private debt in the Asia-Pacific region

Monarch collects $3 billion for fifth distressed and opportunistic credit strategy
The strategy invests across corporate credit, structured credit, real estate, government debt and special situations

Two managers beat 80 others for £660 million multi-asset credit mandate
The UK's Local Government Pension Scheme Central has selected two managers for its £660 million Multi-Asset Credit Fund

Credit fundraising: November marks turning point as fund launches spike
November was always set to be an important month as the world awaited the US election outcome and the results of covid-19 vaccine trials. This did nothing to slow down fund managers as 14 funds launched, up from only four funds launching in September and five in October

Certior targets smaller distressed funds as it launches fund of funds
Certior Special Opportunities Fund is targeting distressed debt, opportunistic strategies, special situations, non-performing loans and asset-backed securities 

BNP Paribas AM names CIOs for real estate and infra debt
BNP Paribas Asset Management has announced four Paris-based appointments within its private debt and real assets team, including chief investment officers for its real estate debt and infrastructure debt team

LP round up: Monroe and Angelo Gordon beat 25 for direct lending mandate, as private credit plans brew
US public pension funds have disclosed $1.2 billion in commitments to credit focused strategies

Ex-Highland officials launch Dallas credit management firm
Former officials at Highland Capital Management - Mark Okada, Jack Yang and Trey Parker - have launched a new credit investment firm in Dallas named Sycamore Tree Capital Partners, with plans to invest in and issue CLOs as part of a focus on traded credit, structured products and special situations

Schroders closes structured credit fund at $1.5 billion
Schroders has raised $1.5 billion for its latest structured credit fund, Focus II

GoldenTree targets $900 million for latest structured credit fund
GoldenTree Asset Management is targeting $900 million for GoldenTree Structured Products Fund VII, which looks to be the firm's latest offering focused on structured credit

Skybridge looks to cut structured credit and distressed debt exposure
SkyBridge Capital, the fund of hedge funds manager run by ex-White House communications director Anthony Scaramucci, is set to curb the structured credit and distressed corporate debt exposure in its SkyBridge G II Fund

Indiana pension allocates $160 million to CLO dislocation strategy and real estate debt
Indiana Public Retirement System has allocated $160 million to two credit funds focused on CLOa and real estate debt, according to recently released board documentation