FCA director of enforcement Tracey McDermott is to become the regulator's director of supervision in a shake-up of its reporting lines, according to reports.
Credit risk seems to have taken a back seat recently, with even Lufthansa's junk-rated bond being massively oversubscribed. Using a metric like the Moody's Analytics expected default frequency measure could help passive allocators manage credit risk,...
BlackRock is planning to hard-close the £1.2bn BSF European Credit Strategies fund, managed by Michael Phelps to new money.
Psigma Investment Management has teamed up with City Financial to launch a European high yield fund for its head of credit John Sullivan.
The sharp rally in credit markets following the sell-off caused by the Federal Reserve's tapering talks was a surprise and a cause for concern for Iain Buckle, fixed income fund manager at Kames Capital.