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Year: 2015
  • October

    BNP Paribas’ DNA platform now covers intra-day data 12 October 2015

    BNP Paribas Securities Services has added intra-day liquidity analysis tools to its DNA data visualisation platform.

  • Allfunds Bank announces new Luxembourg head 12 October 2015

    Allfunds Bank has appointed Ugo Sansone to head its Luxembourg office in an effort to drive the firm’s international expansion.

  • Fidessa derivatives trading platform adopted by CIMB Securities 12 October 2015

    CIMB Securities, the international securities arm of the CIMB group, a leading ASEAN universal bank, has announced it will adopt the Fidessa group’s derivatives trading platform.

  • IA’s Morrissey targets women for Godfrey’s vacancy 12 October 2015

    After Daniel Godfrey’s sudden exit from the Investment Association (IA) last week, Helen Morrissey, current chair of the funds trade body, has indicated she has one or two women in mind for the role.

  • WisdomTree launches Asian income ETF 12 October 2015

    In its second ETF launch this month, WisdomTree has announced a new Asian equity income ETF to be traded on the London Stock Exchange.

  • Aberdeen double Asian bond fund launch 09 October 2015

    Aberdeen Asset Management has launched two new Asian bond funds - the Aberdeen Global Indian Bond Fund and the Aberdeen Global Asian Credit Fund – to take advantage of what the firm believes is an improvement in Asian debt fundamentals making the asset class under priced.

  • CloudMargin fills head of sales role 09 October 2015

    CloudMargin has appointed Karl Wyborn as managing director and global head of sales.

  • Eurizon SA hires new sales head 09 October 2015

    The Luxembourg-based subsidiary of Eurizon Capital, Eurizon Capital SA, has appointed Gabriele Miodini as head of sales and client management.

  • Kames adds two to fixed income team 09 October 2015

    Kames Capital has appointed Juan Valenzuela and Timothee Pubellier to its fixed income team.

  • BBH promotes Páircéir 09 October 2015

    Brown Brothers Harriman (BBH) has promoted Seán Páircéir to global head of investor services from January 1, 2016, succeeding William Tyree.

  • LSE sells Russell Investments to TA 09 October 2015

    The London Stock Exchange Group is selling Russell Investments, the asset management business it acquired last year via its $2.7bn buyout of index compiler Frank Russell, to private equity group TA Associates for $1.15bn.

  • State Street launches two new Select Sector ETFs 09 October 2015

    State Street Global Advisors has debuted two new Select Sector SPDR ETFs - the Financial Services Select Sector SPDR Fund and the Real Estate Select Sector SPDR Fund - the first additions to the Select Sector range in 17 years and expanding it to 11 ETFs.

  • Man GLG tech fund to close as managers move on 09 October 2015

    Man GLG has announced that it will close its £193m ($296m) Technology Equity fund, with the two managers responsible for it preparing to leave in pursuit of other opportunities.

  • UKAR treasury mandate awarded to SunGard 08 October 2015

    UK Asset Resolution, the holding company combining the UK government-owned firms Bradford & Bingley and NRAM, has adopted SunGard’s Ambit Treasury Management system in an effort to consolidate the two businesses’ treasury and risk infrastructure.

  • Boerse Stuttgart builds new exchange system based on NASDAQ tech 08 October 2015

    The German Boerse Stuttgart exchange has adopted NASDAQ’s Genium INET trading technology as the foundation of its new Xitaro exchange system.

  • Three major banks partner with SmartStream to provide reference data service 08 October 2015

    SmartStream has partnered with Goldman Sachs, JP Morgan Chase, and Morgan Stanley to create a new reference data service.

  • RBC Global hires for advisory solutions 08 October 2015

    RBC Global Asset Management has appointed Brian Fairhurst as director of advisory solutions in Boston and Roger Goncalves as director, offshore advisory solutions, in New York.

  • Central Bank of Ireland publishes simplified UCITS rules 08 October 2015

    The Central Bank of Ireland (CBI) has published an updated set of requirements for UCITS funds, consolidating and simplifying its current guidelines into a single document.

  • HSBC to administer two Swedish Lynx funds 08 October 2015

    HSBC Securities Services has secured a mandate from Lynx Asset Management to provide administration and global transfer agency services to two of Lynx’s Swedish fund vehicles, which manage $1bn in assets under management between them.

  • RBC appoints new head of FX 08 October 2015

    RBC Investor & Treasury Services has appointed Matthieu Herbeau as its global head of foreign exchange execution, treasury & market services.

  • Kearney re-emerges at Health Foundation 08 October 2015

    Ex-Aberdeen head of multi-manager products, Aidan Kearney has re-emerged as chief investment officer at The Health Foundation

  • Brookfield creates BBP spin off 08 October 2015

    Brookfield Asset Management plans to place all of its business services and industrial operations into a new Bermuda-domiciled entity – Brookfield Business Partners (BBP).

  • ICE selected to operate ISDA margin utility 08 October 2015

    ISDA has chosen the ICE Benchmark Administration (IBA) to build and operate a crowdsourcing utility for the ISDA standard initial margin model (SIMM)

  • Pathan joins Arabesque 08 October 2015

    Rehan Noor Pathan has joined London-based ESG quant fund manager Arabesque Partners as head of Middle East operations.

  • WisdomTree launches first UK tailored ETF 08 October 2015

    WisdomTree has launched its first product tailored to the UK market.

  • SEC support for migration to T+2 07 October 2015

    The T+2 Industry Steering Committee (T+2 ISC) has welcomed an open letter by the Securities and Exchange Commission’s (SEC) Chair Mary Jo White supporting a migration to a T+2 settlement cycle in the US.

  • SGX new index launch 07 October 2015

    Singapore Exchange has launched SGX Index Edge – a new product providing custom indices for asset managers in Asia.

  • AXA's Adagio IV CLO closes at €362m 07 October 2015

    AXA investment Managers (AXA IM) has announced the final close of Adagio IV CLO limited, its first European Collateralised Loan Obligation since the global financial crisis.

  • Sanditon to launch offshore twin to UK fund 07 October 2015

    Sanditon Asset Management is launching an offshore twin to its TM Sanditon UK Fund via a Dublin ICAV structure.

  • Franklin Templeton launches second liquid alternatives fund 07 October 2015

    Franklin Templeton has launched a new long/short credit fund - the Franklin K2 Long Short Credit Fund - in partnership with K2 Advisors, which Franklin Templeton acquired in 2012.

  • OPFPF on hunt for new investment manager 07 October 2015

    The $13.4 billion Ohio Police and Fire Pension Fund (OPFPF) is to mandate a new multi-strategy investment manager.

  • Feltes leaving CME Europe 07 October 2015

    CME Europe's COO David Feltes is leaving the company after three years.

  • GPIF awards 27 fixed-income mandates 07 October 2015

    Japan’s $1.3trn Government Pension Investment Fund (GPIF) has awarded 27 fixed-income investment mandates in a bid to diversify its asset pool.

  • Strathclyde Pension out with multi-asset tender 07 October 2015

    The UK's £15.5bn ($23.7bn) Strathclyde Pension Fund has issued a £300m multi-asset credit tender and is planning to issue a private debt mandate before the end of the year for the same amount.

  • Eurex Clearing to launch new margin calculation service 07 October 2015

    Eurex Clearing will launch a new margin calculation service on 16 November 2015 in collaboration with OpenGamma.

  • Redevco and Hermes link for shopping space joint venture 07 October 2015

    Redevco and Hermes Investment management have announced the formation of a joint venture aiming to acquire upwards of €250m ($281m) in retail assets in western continental Europe and the Nordic region.

  • Banyard to leave Schroders 07 October 2015

    Rosemary Banyard is leaving Schroders in March 2016 to spend more time with her family.

  • Henderson adds to Asia equities team 07 October 2015

    Henderson Global Investors has made two new appointments to its Asian equities team in Singapore.

  • HSBC Saudi wins Ashmore custody mandate 07 October 2015

    HSBC Saudi Arabia has been mandated as local custodian to Ashmore Group - one of the first international asset managers to get qualified foreign investor (QFI) status to invest in Saudi’s stock market (Tadawul).

  • Lombard Odier expands alternatives offering 07 October 2015

    Lombard Odier Investment Managers has hired Vilas Gadkari, Giuseppe Sette and Jan Szilagyi to expand its alternatives offerings and has launched the team's first fund - a UCITS compliant Global Macro Strategy, launched in Luxembourg with an initial amount of $150m.

  • Mario Negri issues equities tender 07 October 2015

    The €1.7bn ($1.9bn) Fondo di Previdenza Mario Negri - the Italian transport and shipping industry pension fund - has issued a tender for global equities via consultancy Link Institutional Advisory.

  • Neuberger Berman launches new Asia fund 07 October 2015

    Neuberger Berman has launched a new Asia-focused fixed income fund – the Asian Debt Hard Currency fund.

  • OMGI transfers Ethical fund to Quilter Cheviot 07 October 2015

    Old Mutual Global Investors (OMGI) is transferring management of its £77m Ethical fund to Quilter Cheviot from Impax Asset Management on December 1.

  • Sears takes over at IA 07 October 2015

    The UK's Investment Association has appointed Guy Sears – the association's director of risk, compliance and legal – as interim CEO following the departure of Daniel Godfrey who resigned by mutual agreement with the board this week after a number of asset management firms led by Schroders and M&G refused to renew their membership.

  • Seix hires new CLO head 07 October 2015

    Seix Investment Advisors, a subsidiary of RidgeWorth Capital Management, has hired John Wu as managing director of structured capital markets.

  • Weeden hires Greco 07 October 2015

    Weeden Prime Services has hired Will Greco as head of capital introductions.

  • $1.68bn raised by M&G targeting ABS investments 05 October 2015

    International asset manager M&G Investments has raised $1.68bn since March for a variety of European asset backed securities (ABS) strategies.

  • Eastspring targets European clients with new hire 05 October 2015

    The Asian investment management arm of Prudential, Eastspring Investments, has appointed Stephanie Wenzel as client services manager in London.

  • Heartwood adds new income range to multi asset offerings 05 October 2015

    Heartwood Investment Management has launched a new global multi asset income fund duo to supplement its total return range.

  • SGSS UK mandated by PSG for wealth and investment outsourcing 05 October 2015

    Societe Generale Securities Services in the UK has been mandated by PSG Wealth, the wealth management arm of South African financial services group PSG Konsult, to provide an outsourcing service covering execution and investment administration for foreign assets.

  • National advice firm launched by Old Mutual Wealth and Intrinsic 02 October 2015

    Old Mutual Wealth and Intrinsic have announced the launch of a new national advice business called Old Mutual Wealth Private Client Advisers, to be led by managing director Nigel Speirs.

  • CloudMargin to apply AI to data extraction 02 October 2015

    CloudMargin and RAVN Systems have announced a partnership aimed at applying RAVN’s Applied Cognitive Engine (ACE) to data extraction from collateral agreements.

  • London Stock Exchange appoints new CEO 02 October 2015

    The London Stock Exchange Group (LSEG) has appointed Nikhil Rathi as the CEO of London Stock Exchange PLC.

  • MiFID II prompts Deutsche Börse to partner with REGIS-TR 02 October 2015

    Acting in response to the implementation of MiFID II reporting requirements in early 2017, Deutsche Börse and the European trade repository REGIS-TR have announced a joint initiative to offer joint transaction reporting services covering the new regulation.

  • SGSS launches outsourcing service 02 October 2015

    Societe Generale Securities Services (SGSS) has launched a new dealing desk outsourcing service, called I-DEAL, aimed at asset and investment managers covering the entire range of asset classes and global markets.

  • Wells Fargo replaces RealSTP with Fund View 02 October 2015

    Wells Fargo Global Fund Services has launched an operational management system called Fund View for private equity and hedge funds.

  • BNY Mellon adds to APAC collateral management team 01 October 2015

    BNY Mellon has recruited Bhavna Haswani as senior product manager for collateral management in the Asia Pacific region.

  • Hargreave continues to poach from Brewin with two new hires 01 October 2015

    Hargreave Hale has poached two Brewin Dolphin assistant directors to join its Worcester team as investment managers.

  • Co-founder of Signia to launch new wealth firm with Lord Fink 01 October 2015

    The co-founder of Signia Wealth, Nathalie Dauriac-Stoebe, is preparing to launch a new wealth firm.

  • Barclays expands Scottish team with private banking duo 01 October 2015

    Barclays Wealth & Investment has made two private banking hires to support the bank’s growth plans in Scotland.

  • New European long/short fund from Lazard 01 October 2015

    Lazard Asset Management is launching a new long/short fund focusing on large and mid-cap European companies.

  • Pramerica poaches Samaha from PIMCO 01 October 2015

    Michael Samaha has joined Pramerica Investment Management as a managing director for its Global Institutional Relationship Group.

  • September

    Head of risk at Woodford IM exits after 8 months 30 September 2015

    Woodford Investment Management’s head of risk Gavin St John-Heath has left the firm after eight months at the firm.

  • Fidessa launches new trading compliance platform 30 September 2015

    The Fidessa group has released its new Sentinel Trading Compliance system offering asset managers new pre and post trade compliance tools in a consolidated and fully auditable workflow.

  • Head of risk at Woodford IM exits after 8 months 30 September 2015

    Woodford Investment Management’s head of risk Gavin St John-Heath has left the firm after eight months at the firm.

  • Pictet launches specialist robotics fund 30 September 2015

    Pictet Asset Management has announced it will launch a robotics fund on 8 October adding to its specialist funds range.

  • Photos of ISF Dinner 2015 30 September 2015

  • Esma releases Mifid technical standards 29 September 2015

    The European Securities and Markets Authority (Esma) has released the final regulatory technical standards for MiFID II

  • Fullgoal to launch Sicav funds 29 September 2015

    The Hong Kong arm of China-based asset manager Fullgoal is to launch a range of Luxembourg Sicav funds offering exposure to Chinese assets.

  • Miton to close inherited fund duo 29 September 2015

    Miton is closing two funds it inherited in its acquisition of Psigma last year, worth £13m and £15m.

  • Second Goldman Sachs ETF launched to target emerging markets 29 September 2015

    Goldman Sachs Asset Management (GSAM) has launched its second exchange traded fund, the Goldman Sachs ActiveBeta Emerging Markets Equity ETF, as it continues to expand into the ETF market.

  • Shake up at Black River 29 September 2015

    Cargill subsidiary Black River Asset Management is to be split into three separate employee-owned firms focused on its different business lines - relative-value fixed income, emerging-market credit and private equity.

  • CoE Pensions to move to US private credit 29 September 2015

    The £1.8bn Church of England Pensions Board is planning a first move into the US private credit market.

  • OMGI restructures multi-asset operations 29 September 2015

    Old Mutual Global Investors (OMGI) has restructured its multi-asset team.

  • TIFF appoints new CIO 29 September 2015

    The Investment Fund For Foundations (TIFF) has appointed Jay Willoughby as CIO from October 13.

  • JP Morgan to launch two European ETFs 29 September 2015

    JP Morgan registered two new ETFs - the JP Morgan Diversified Return Europe Equity ETF and the JP Morgan Diversified Return Europe Currency Hedged ETF – with the SEC.

  • First European cyber security ETF launched 29 September 2015

    ETF Securities and ISE ETF Ventures have launched a cyber security ETF on the London Stock Exchange.

  • Accounting the cost 29 September 2015

    With the OTC market facing the biggest set of regulatory changes in its history – from EMIR to the broader banking sector Basel 3 regulations – the fear is that the cost of total compliance could force a number of banking and clearing providers out of the market over the next three to four years. Simon Murray discusses the regulatory ripple effect with experts from all sectors of the European derivatives market

  • Bradley Mitchell leaves Royal London AM 28 September 2015

    Bradley Mitchell has left Royal London Asset Management after 11 years at the firm.

  • Creechurch Capital look for UK expansion 28 September 2015

    Isle of Man-based wealth manager Creechurch Capital has announced the launch of Creechurch Private Wealth, a UK-based venture.

  • Seven Investment Management hires ARC’s former London head 28 September 2015

    Seven Investment Management (7IM) has hired Guy Christie as a relationship manager.

  • SJP continues acquisition of boutique partners 28 September 2015

    St James’s Place (SJP) has announced that Justin Bullimore’s Nottingham-based boutique will join the SJP group as a partner practice.

  • Tavistock Wealth and BlackRock offer joint low cost range 28 September 2015

    The wealth arm of Tavistock Investments has announced the launch of a new low cost portfolio range in a joint project with BlackRock.

  • De-Lux modelling 28 September 2015

    De-Lux modelling Luxembourg is small – and to survive it has had to innovate. That continues in its asset management business which is rolling out the red carpet to new Ucits products and new clients that are shaping the future distribution and technological landscape

  • Systemic seesaw 28 September 2015

    Regulators want multiple small CCPs to reduce systemic risk. Investors want the reverse – a few very large CCPs to reduce the total margin they need to post. Is there a cost effective answer that reconciles both sides? By Paul Golden

  • The margining maze 28 September 2015

    New US regulation will require most users – including hitherto unaffected buy side firms – to post initial or variation margin on non-cleared derivatives. Is the market ready for change or will managers exit and use other options for mitigating their risk exposures? By Dave Simons

  • Time for the derivatives cabaret to go global 28 September 2015

    The transatlantic wrangling over derivatives reform harmonization continues to take centre stage while reform in non-US and European jurisdictions have been sidelined – until now. Developments over the last 12 months suggest that momentum is building and although challenges remain, major reform is afoot from Australia to Africa. By Paul Golden

  • State Street: The hidden costs of T-1 trading 28 September 2015

    Trading at an implementation shortfall benchmark – and using transition managers that are also asset managers. How do these approaches affect the performance of a restructuring exercise and are there potential conflicts when exercising discretion for clients on both sides of the crossing process? By John Minderides, pictured, Head of Portfolio Solutions Group, EMEA, State Street

  • Sitting on collateral 28 September 2015

    As new regulatory demands for collateral posting begin the pro-ETF collateral lobby is growing. Are investors sitting on a largely untapped collateral source? The development of ETF filters looks set to provide the answer. By Tanzeel Akhtar

  • London calling 25 September 2015

    Signs are that in 2016 the export of the multi-asset fund concept from London to the US market will boom. Sophisticated multi-asset is an innovation and not just a repackaging of traditional balanced funds. But given the last innovation out of London was ABS, should investors be wary of Londoners bearing gifts? By Ceri Jones

  • The art of noise 25 September 2015

    Big data and cognitive computing are reshaping investment management – particularly in the ESG sector. But it needs to complement, not replace, traditional investment processes. By Hendrik Bartel, CEO and co-founder of Insight 360

  • Commerzbank: Collateral management: the tool of the trade 25 September 2015

    Once a low-level back-office function, collateral management is the musthave tool for derivatives. By Rob Scott, head of custody and collateral solutions, Commerzbank Corporates & Markets

  • Cruel summer 25 September 2015

    UK pension schemes have suffered during the volatility of the last quarter and are subtly changing their attitude to investment – in some cases from beta to unconstrained. By Alastair O’Dell

  • Equity Lending Survey 2015: The Results 25 September 2015

    Morgan Stanley and State Street have taken the highest accolades in the 2015 Global Investor/ISF equity lending survey.

  • Goldman Sachs launches first ETF 24 September 2015

    Goldman Sachs Asset Management (GSAM) has launched its first exchange traded fund with $50m in seed capital.

  • Aberdeen obtains China business licence 24 September 2015

    Aberdeen Asset Management has been issued a business licence by State Administration of Industry & Commerce in Shanghai, allowing it to commence operations in China.

  • Boutique takes on ex-Schroders Private Banking CEO 24 September 2015

    The former CEO of Schroders Private Banking, Rupert Robinson, has joined boutique asset manager Gresham House as a managing director.

  • Poyntz-Wright leaves FCA 24 September 2015

    The Financial Conduct Authority’s (FCA) director of long-term savings and pensions, Nick Poyntz-Wright, has left the regulatory body amidst a senior staff reshuffle.

  • Alliance Trust appoints two new non-execs 24 September 2015

    Alliance Trust has appointed Chris Samuel, former CEO at Ignis, and founding partner at Oxford Investment Partners, Karl Sternberg, as non-executive directors.

  • UBS contracts Simcorp to provide investment platform 18 September 2015

    UBS Global Asset Management is replacing its legacy investment management platform with Simcorp Dimension.

  • BMO Global launches two new equity funds 18 September 2015

    BMO Global Asset Management has today announced the launch of two new equity funds.

  • LGIM poaches head of workplace savings from Barclays 18 September 2015

    Legal & General Investment Management has announced the appointment of Katherine Photiou as head of workplace DC for product & proposition.

  • Robeco Group appoints new CEO 18 September 2015

    The Dutch-based Robeco Group has appointed David Steyn as CEO, replacing Roderick Munsters from 1 November.

  • Neptune continues investment overhaul with three new hires 17 September 2015

    Neptune is expanding its investment support team by hiring a trio of new analysts.

  • Three managers poached from WH Ireland 17 September 2015

    Two WH Ireland investment managers based in Manchester have quit the firm to join Raymond James in the same city.

  • BNP revamps institutional business 17 September 2015

    BNP Paribas Investment Partners has made several new appointments within its institutional business, headed by David Kiddie in London.

  • Buese new CIO Aegon USA Investment 17 September 2015

    Kirk Buese has been appointed CIO of Aegon USA Investment Management.

  • Equilend and Eurex Clearing announce initiative to connect services 16 September 2015

    Equilend and Eurex Clearing have announced a joint initiative to connect EquiLend’s securities lending platform to Eurex Clearing’s Lending CCP service.

  • Investec Private Office expands bespoke service with new hire 16 September 2015

    Investec Private Office has hired Rafe Garvin from Pictet & Cie as an Investment director.

  • New European multi-asset fund launched by BlackRock 16 September 2015

    BlackRock has announced the launch of a new multi-asset high-yield income fund, called the BSF European Select Strategies fund.

  • Old Mutual expands Asian equities team 16 September 2015

    Old Mutual Global Investors has hired Oliver Lee away from Schroders to fill in the role of investment director at the firm.

  • Old Mutual Wealth hires Investec’s Gary Dale 16 September 2015

    Old Mutual Wealth has announced that Gary Dale, formerly at Investec, will lead the firm’s UK distribution team from 30 November.

  • Fifth of Colombian asset management industry turns to BNP Paribas for custody 15 September 2015

    BNP Paribas Securities Services has announced the successful implementation of new custody mandates for 16 asset managers in Colombia.

  • New head of securities services at HSBC 15 September 2015

    HSBC Securities Services has poached Rafael Moral Santiago from Deutsche Bank as its new head of securities services in Europe.

  • Old Mutual’s COO to step down 15 September 2015

    Old Mutual’s COO Paul Hanratty will leave the company next March.

  • Credit Suisse AM employs new emerging markets specialist 15 September 2015

    Credit Suisse Asset Management has hired Simone Gervasi, an emerging markets specialist, from Eurizon Capital.

  • Aberdeen AM acquires boutique emerging markets manager 15 September 2015

    Aberdeen Asset Management will acquire Advance Emerging Capital in a buyout of £409m ($630m) in client assets for an undisclosed sum.

  • Redmayne hires two new stockbrokers 15 September 2015

    Redmayne Bentley has hired ex-Scottish Widows Investment Partnership (SWIP) UK equity investment director Jeremy Charles as a stockbroker.

  • deVere announces new chairman 15 September 2015

    Peter Hobbs has been appointed chairman of the deVere Group after two years on the financial advisory organisation’s board of directors.

  • JP Morgan expands dedicated insurance client team 15 September 2015

    JP Morgan Asset Management has announced Stephen Lummert’s appointment as head of insurance advisory for Germany & Austria within its Global Insurance Solutions (GIS) team.

  • Thesis announces new Chichester director 14 September 2015

    Thesis Asset Management has appointed James Nield as director of its Chichester office.

  • Insight’s multi-asset team expands 14 September 2015

    Insight Investment has hired Lloyd Thomas to join its multi-asset team as a portfolio manager.

  • Allfunds Bank to distribute Jadwa Investment’s sharia-compliant funds 14 September 2015

    Jadwa Investment and Allfunds Bank (AFB) have announced a new distribution agreement to offer Jadwa’s portfolio of sharia-compliant mutual funds across AFB’s global platform.

  • Nikko AM adds to UCITS fund range with new Asia ex-Japan fund 14 September 2015

    Nikko Asset Management has launched a Luxemburg domiciled Asia ex-Japan Equity UCITS fund, managed by Nikko AM’s dedicated Asia ex-Japan asset team headed by lead portfolio managers, Peter Sartori and Eng Teck Tan.

  • BlackRock launches event-driven UCITS fund 14 September 2015

    BlackRock has launched a new UCITS fund in its BlackRock Strategic Funds range called the Global Event Driven Fund.

  • Rothschild Merchant snaps up LA credit manager 14 September 2015

    Rothschild Merchant Banking has bought West Gate Horizons Advisors, a credit manager specialising in leveraged loans based in Los Angeles.