Barnard’s planned exit from Janus Henderson prompts Titan Square removal
Given Barnard's stature, and since the new leadership structure is not yet in place, Titan Square Mile said it would remove the funds from its Academy of Funds.
Asset managers
Thomas Hansen joins Canyon Partners as partner
Hansen will oversee all the firm's finance and operations.
Janus acquires style investor Richard Bernstein Advisors
The deal amplifies Janus' existing model portfolios and separately managed account offerings and positions the firm to be a leader in that area.
Goldman Sachs names BlackRock’s Lynam as chief credit strategist
Goldman's former chief credit strategist Lotfi Karoui departed last year after 18 years with the bank. He was also the head of credit, mortgages and structured products research.
BlackRock total assets hit record $14 trillion as ETFs surge
The asset manager is in the midst of transforming itself from a dominant player in stocks, bonds and public markets, into one of the largest firms in private credit and infrastructure markets.
Sound Point enthused about loans despite market uncertainties
When weighing investments, the CLO equity investor also considers strategies on liability management exercises when considering investments.
By
John Hintze
Janus’ acquisition of VPC seen as latest in M&A trend
Asset manager-led transactions targeting asset-based finance (ABF) gained momentum following the regional banking crisis, which are typically the go-to for consumer and small business loans.
Sculptor launches latest fund to buy riskiest CLO slices
The venture, dubbed Sculptor Loan Financing Partners, will manage investments in the equity tranches of Sculptor's own CLOs in the U.S. and Europe.
BlackRock Manager Predicts 40% Jump in Bank Risk Transfer Deals
Basel Endgame rules will dramatically boost the capital provisions banks have to set aside to backstop lending, with the burden falling most heavily on big money center banks.
Janus Henderson’s head start for CLO ETFs pays off big time
Contenders see plenty of room for the market of EFTS investing in CLOs to grow. The question is if they can potentially usurp some of banks' dominance in AAA-tranche investing.
By
John Hintze
Bayview launches insurance asset management business
The new business will take in money from insurance companies and invest in mortgages and in private structured credit. It will look to draw business from an insurance industry that's "looking to diversify.
Private equity dips into its cash stockpile for PacWest deal
So far, the wager appears to be profitable. The private equity pair agreed to purchase their shares at $12.30 each, and the stock rally after the deal was announced means they are sitting on a paper profit of more than $90 million.
BlackRock sees ‘huge opportunity’ in cast-off banking assets
BlackRock will join an increasingly crowded field. Private equity and credit managers have been angling to buy dislocated assets from banks.
World’s biggest money managers are divided on inflation’s path
It's a debate that matters more than ever, as bond traders ponder the end of the Federal Reserve's aggressive campaign of interest-rate hikes and wager on cuts starting within months.
Where there’s value in repackaged loan deals
Demand for AAAs is still challenged as banks, the biggest buyers, are facing too much uncertainty and volatility around their balance sheets.
Yellen balks at calling asset managers systemically risky
Treasury Secretary Janet Yellen said she prefers to have the Financial Stability Oversight Council flag hazardous activities by nonbanks rather than subject specific firms to heightened supervision.
DFG names Virani as new CEO
Virani was most recently head of business development for private debt for the Americas and Asia at Partners Group
By
Glen Fest
Portfolio managers expect slow post-pandemic recovery for credit conditions
A quarterly survey shows a major cross-section of portfolio managers it may be more than a year before global credit conditions return to normalcy from the economic havoc unleashed by the COVID-19 pandemic.
By
Glen Fest
Jefferies backs firm led by ex-Blackstone, Carlyle executives
Stonyrock Partners will focus on buying stakes in asset managers focused on middle-market strategies.
Pimco fund to buy dumped CLO equity after reg change
The holdings demonstrate “resiliency over several credit cycles, with low realized principal losses and robust returns for CLO equity,” managers say.
