Creditflux

Fresh ideas blow in from the west
As Creditflux hosted its first conference in California, the hub of US innovation, it was no surprise that new ideas such as applicable margin resets and high triple-C buckets were on the agenda

US loan veteran MacLean to retire from Pimco
Pimco loan portfolio manager Beth MacLean will be retiring from the firm in March, a spokesperson for the company firms

New generation of US CLO managers battle to join industry top ranks
The US CLO manager base is growing at its fastest rate for years, with new firms springing up all over the country to issue these transactions

Pimco plans CLO management return after 12-year absence
Pimco is lining up a return to CLO management, over a decade after its last deal. The Newport Beach-based firm has been absent from the primary market since pricing Portola in November 2007.

Points up front: Producing the perfect CLO
Mitsubishi UFJ Financial Group’s head of CLO issuance Asif Khan directed a thought-provoking question to Pimco’s Loren Sageser at Creditflux West last month.

Credit funds at a glance

Pimco hires ex-KKR official to lead corporate special situations unit
Pimco has appointed a former KKR official to lead the firm’s corporate special situation unit

HSBC pension chief joins London CIV in top role
London Collective Investment Vehicle (London CIV) has appointed Mark Thompson to serve as chief investment officer (CIO), effective from September.  

Angelo Gordon hires Pimco's European ABS head
The firm is looking to bolster its residential and consumer debt unit outside the US, with the hire based in London 

London pension fund appoints interim CIO
London Collective Investment Vehicle, the fund manager for the pooled investments of 32 London Local Authority Pension Funds, has appointed Michael Pratten as interim chief investment officer  

Pimco appoints former JP Morgan AM official as head of Switzerland
The new hire will be responsible for client management and developing strategic growth opportunities

California pension approves $20 million for open-ended private debt fund
The commitment comes two months after Santa Barbara County Employees’ Retirement System mandated $25 million to a THL Credit 

Pimco targets securitisation-friendly assets for $1 billion fund
Pimco is winning US pension fund support for a strategy geared towards purchasing what it describes as private credit assets “that have historically been securitised”

Past returns: short and sweet
Five years ago in Creditflux, we reported on Pimco emerging as a major buyer of triple A-rated US CLO tranches

Oklahoma pension backs Pimco's evergreen credit fund
Oklahoma Firefighters Pension & Retirement System has decided to commit $75 million to Pimco Private Income Investment Strategy, according to minutes from the US pension fund’s board meeting in January.  

Pimco generates listed opportunistic energy credit fund
Pimco is eyeing the energy sector for a new opportunistic credit fund, according to US regulatory filings.

Pimco launches latest ESG-focused credit offering
Pimco has launched its latest environmental, social and governance (ESG) fixed income offering - GIS Global Investment Grade Credit ESG Fund.

Ares brings in credit portfolio managers from DoubleLine and Pimco
Ares Management has bolstered its liquid credit team with the appointment of Jason Duko and Kapil Singh, who join as partners and portfolio managers

Pimco adds two former Tennenbaum officials as portfolio managers
Fixed income specialist Pimco has poached former Tennenbaum Capital Partner officials Geoffrey Jones and Gabriel Goldstein

Pimco receives nearly $400 million for ESG fixed income mandate
 An $11 billion super fund has awarded a new ESG-focused fixed income mandate to Pimco

Swedish pension fund's credit portfolio recovers with strong 2018 results
Andra AP-Fonden (AP2), the SEK 352.4 billion ($38.7 billion) state-owned pension fund, generated 5.6% absolute returns from non-domestic credit investments for the first half of 2018

Pimco raises nearly $700 million for new real estate debt fund
The vehicle will invest in private and public real estate debt opportunities, including senior mortgages, mezzanine financing, CMBS, and other real estate debt related investments

Pimco raises $116 million for CLO opportunities fund
Pimco has raised at least $116 million for its CLO Opportunities Fund, according to US regulatory filings

Pimco appoints former Millennium PM to head European high yield
David Forgash joins Pimco in a newly created role as head of European high yield portfolio management

Pimco hires United Nations director in move to expand ESG capabilities
Fixed income giant Pimco has hired a former United Nations director as it builds out its environmental, social and governance (ESG) platform for investors seeking socially responsible investments.