Federated Hermes hires official with restructuring experience to direct lending team
Federated Hermes says it has hired Christoph Lausecker as a director in its private debt team

Aeon adds CLO and SRT specialist to its investment team
Aeon Investments has appointed a CLO and SRT specialist as a managing director, responsible for originating and structuring new investments, and managing existing credit portfolios in commercial real estate and SME lending

Sinking Euribor floor brings CLO relative value into play
The collapse in the value of the Euribor floor over recent weeks, which reflects inflationary pressures, may lead to global CLO investors favouring US CLO paper on a relative value basis

Hermes seeks ESG alpha in companies making changes
Buy-side demand to tick boxes for ESG standards has fuelled a boom in green and social impact bonds that is extending into high yield issuance. But as investment opportunities mount, so does soul-searching about the next phase

Corporates show resilience despite sovereign struggles
Turkey’s sovereign credit spread blow-out in the second half of March came as a shock for emerging market credit investors, adding to jitters Brazil had caused a month earlier. But it also highlighted a new trend of corporate borrowers shaking off sovereign weakness

European CLO rollover rate slumps amid refi/reset surge
European CLO investors' rolling rate into refinancings and resets has dropped since the start of the year, with the huge pipeline, a flight to quality and caution about widening spreads all playing a part

Credit Rendezvous: sometimes you have to dive deep to find value
Some parts of the credit market are fraught with danger, but that does not mean portfolio managers are avoiding them entirely, according to the Credit Rendezvous, Creditflux's 10-page quarterly report eaturing comments from 15 credit experts

High yield borrowers face pressure over social data
Two major themes of the credit market in 2020 are on a collision course: high yield issuers playing catch-up after a dearth of issuance and the Black Lives Matter movement putting the focus on the S of ESG investing

Federated's US and European businesses launch high yield impact funds
Federated Investors, Hermes Investment Management and UBS have joined forces to launch new high yield credit funds, which are in line with the United Nations Sustainable Development Goals (SDG) framework. The vehicles take the form of a Ucits offering and a mutual fund

Investors raise concerns over obscure wording in CLO docs
Europe’s structured credit market has been abiding by the Securitisation Regulation for the best part of six months, but some investors have told Creditflux that they are still not satisfied with the way European CLOs are accounting for potential fines. 

Hermes adds to its direct lending team in London
Hermes Investment Management has added to its private debt team in London, Creditflux has learned.

It’s going to be a credit picker’s market
Our panel of experts believe that the credit market will be volatile this year, but there will be opportunities in European credit and additional tier one bonds, trups CDOs and unitranches

Hermes adds ex-UBS official to private debt team
Hermes Investment Management has appointed a European leveraged finance specialist to its private debt team

Hermes brings in senior emerging market debt PM
Hermes Investment Management has appointed a former Jupiter Asset Management official as a senior emerging market debt portfolio manager

Hermes appoints head of direct lending in London
Hermes Investment Management has a new head of direct lending. The experienced official now reports into Hermes's head of private debt and CLOs, Patrick Marshall

Hermes’ novel fee structure sheds light on DL performance
Hermes Investment Management has taken a novel approach to direct lending fees, giving investors an insight into portfolio performance, which is something of a rarity in the direct lending market. 

Hermes launches £185 million unconstrained credit fund
London-based Hermes Investment Management has launched a new Ucits-compliant unconstrained credit fund - which will include pricing ESG risks

Hermes partners with another three banks to deliver European direct lending fund
Hermes Investment Management has formed new lending partnerships with Danske Bank, DZ Bank and KBC Bank for its upcoming European-focused fund 

Hermes hires portfolio managers for asset-based lending and Euro ABS
London-headquartered Hermes Investment Management has strengthened its fixed income team and Stephane Michel and Andrew Lennox as portfolio managers, the firm announced today

Hermes wins $400 million mandate to show investing ethically really is worth it
Hermes Investment Management has won a $400 million mandate to oversee a global high yield credit portfolio on behalf of Swedish pension fund giant Första AP-Fonden (AP1)

Cairn's Jackson set to join large asset manager in London
Andrew Jackson has left his post as chief investment officer at Cairn Capital and well-placed sources have told Creditflux that he is due to join a fund manager in London

Hermes gears up for direct lending fund launch
Hermes Investment Management is understood to be targeting a total size of £750 million ($995 million) for its first direct lending fund

Hermes parts company with head of fixed income in London
A 30-year veteran of the credit markets has left Hermes after fulfilling her mandate to expand Hermes' credit capabilities