European Collateralised Loan Obligations

Man GLG’s highly experienced European CLO manager has been trading since 1998 – originally as part of RMF Investment Management, later as Pemba Credit Advisers and now as Man GLG Credit Advisers. It is primarily focused on delivering sustainable, long-term performance.
 

The team believes the best way to achieve this is through active credit sourcing, disciplined credit selection, portfolio diversification, on-going credit monitoring and proactive portfolio management.

The team employs a robust, process-driven investment approach to investing in senior secured loans, mezzanine and second lien loans and high yield bonds, based on three key pillars:

  • Performance: A transparent and repeatable investment process designed to optimise returns
  • Protection: Diversification, disciplined risk management and on-going credit monitoring processes that aim to minimise losses
  • People: Experienced team with a rich network of industry relationships and a strong emphasis on client service

Approach

The investment management approach is characterised by:

  • An emphasis on achieving consistently attractive returns through the construction of broadly diversified portfolios of quality credits
  • A commitment to a bottom-up credit strategy combined with specialised industry analysis and on-going credit monitoring based on a defined process that is transparent and repeatable
  • A proactive approach to portfolio management based on the latest credit research and a focus on disciplined cash management
  • A high level of communication both internally and externally with investors, creditors, sponsors and banks

While the team takes a conservative approach to risk, it has experience in work-outs should the need arise, and has the backing of a large team of experienced legal and financial professionals within Man GLG and Man. This pragmatic and disciplined approach is supported by state of the art information systems.

Approach Alternative
Asset Class Fixed Income
Geographic Focus Europe