NEW YORK–(Business enterprise WIRE)–Jun 9, 2022–
CIFC Asset Management LLC (“CIFC”), an alternative credit score specialist serving institutional traders globally with about $40 billion in assets underneath administration, now announced that Conor Daly, former Controlling Director, Head of European Credit history at Onex Credit, has joined CIFC as Head of European Credit history. Mr. Daly will provide as a Managing Director and Senior Portfolio Supervisor overseeing CIFC’s European financial commitment small business with a focus on continuing to mature the firm’s European corporate credit score investment platform. He is based in London and stories to CIFC’s Chief Govt Officer and Main Financial commitment Officer, Steve Vaccaro. Josh Hughes, World wide Co-Head of Trader Solutions in London, will also go on to report directly to Mr. Vaccaro.
“We took a thoughtful technique to identifying a Head of European Credit history who shares CIFC’s disciplined solution to investing and risk management and is a sturdy cultural match with our world-wide crew. We are delighted to have uncovered just that in Conor,” stated Mr. Vaccaro. “Conor is a seasoned credit score investor with established portfolio management and money marketplaces experience. We are assured that his deep associations and significant encounter constructing and scaling CLO platforms in the European marketplace will be invaluable to our enterprise and traders.”
Mr. Daly extra, “CIFC has set up itself as a accurate top rated-tier option credit history manager throughout geographies, recognized for its diligent fundamental research, active portfolio management, and solid financial investment benefits. I search forward to performing carefully with Steve and the firm’s deep bench of expertise – the two in London and the U.S. – to execute on the ongoing advancement and diversification of CIFC’s European credit platform.”
Mr. Daly delivers substantial portfolio management, funds marketplaces and leadership expertise to CIFC. Mr. Daly joined Onex Credit history in 2021, the place he served as the direct Portfolio Manager of the firm’s European CLO business enterprise and was accountable for the platform’s all round buildout. Formerly, he put in eight a long time at BlackRock Investment Management, the place he performed an integral part in developing the firm’s European CLO and leveraged bank loan organization and served as a Portfolio Supervisor. He earlier managed BlackRock’s EMEA large produce money marketplaces functionality. Previously in his job, he worked at Morgan Stanley on the leveraged finance syndicate and structuring teams and in financial commitment banking M&A. Mr. Daly gained his BSc (Finance) with 1 st Class Honours from Nationwide College of Ireland – University of Cork.
Launched in 2005, CIFC is an choice credit history specialist presenting financial commitment alternatives throughout CLOs, company, structured, opportunistic credit score and direct lending methods, made to provide continuously beautiful threat-altered returns to traders globally. The business leverages its basic-dependent analysis and deep encounter investing across a huge wide range of credit history cycles and curiosity charge environments to concentrate on financial investment possibilities that deliver alpha although preserving trader principal. CIFC at this time manages around $40 billion in assets and employs additional than 185 gurus in the U.S. and Europe. For far more details, visit www.cifc.com.
Amanda Shpiner/Sam Fisher
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Source: CIFC Asset Administration LLC
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PUB: 06/09/2022 09:30 AM/DISC: 06/09/2022 09:32 AM
Copyright Business Wire 2022.