Credit Portfolio Manager, Multi-Manager Group
Firm / Group:
The firm manages fixed income, infrastructure, real estate, private equity and hedge fund investments. The US Fixed Income team currently manages $35+ billion in fixed income investments (including investment-grade credit, high yield credit, banks loans and asset-backed securities) and is comprised of 20 professionals who work closely together with their global counterparts.
Based in New York, the Credit Portfolio Manager will be a member of the Credit team (5 investment professionals based in Europe) that currently manages $3+ billion of alternative credit (private debt) strategies across 5-10 different (external) investment mandates. The goal is to grow the size of the Alternative Credit portfolio to $6+ billion in 2021 across 10-20 different (external) investment mandates while maintaining an excellent long-term performance track record. The aim is to provide clients access to a well-diversified portfolio across the following sub strategy segments: 1) Specialty Finance, 2) Private Corporate Credit, 3) Private Structured Credit, 4) Direct Lending, 5) Non-Performing Loans, 6) Distressed Debt / Special Situations and 7) Alternative Credit Alpha (hedge fund related).
The Credit Portfolio Manager will play an important role to achieve ambitious growth and performance targets. The Credit Portfolio Manager will specifically contribute to the growth of alternative credit strategies in the US where the selection and monitoring of external managers is key. During the initial development phase, a number (~10) of existing credit-related hedge fund mandates will be transferred from the Hedge Funds Pool to the Alternative Credits Pool. As such, the initial focus will be on restructuring and renegotiating these existing mandates so that it fits the requirements of the Alternative Credit Pool.