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 | Credit |
| Geographic Focus | Europe |
Manager(s)
Investment Solutions
Man offers a comprehensive suite of investment solutions and formats that can be tailored and optimised to meet specific client needs.
Our investment solutions offer optionality including: liquidity, control, investment restrictions, investor customisations and transparency.
UCITS
Alternative investment funds
US 40 ACT
Regional funds
Separate accounts
Advisory mandates
Managed accounts
Access to investment products and mandate solutions are subject applicable laws and regulations including selling restrictions and licensing requirements. Investment solutions listed above may not be compatible for all investment strategies and may be subject to minimum subscription requirements. Regional Funds: In additions to UCITS and AIFs registered across the EEA, a number of investment strategies are available in vehicles registered in Chile, Netherlands, Hong Kong, Japan, Singapore, South Korea and Switzerland.
Considerations
One should carefully consider the risks associated with investing, whether the strategy suits your investment requirements and whether you have sufficient resources to bear any losses which may result from an investment:
Investment Objective Risk - There is no guarantee that the Strategy will achieve its investment objective.
Market Risk - The Strategy is subject to normal market fluctuations and the risks associated with investing in international securities markets and therefore the value of your investment and the income from it may rise as well as fall and you may not get back the amount originally invested.
Counterparty Risk - The Strategy will be exposed to credit risk on counterparties with which it trades in relation to on-exchange traded instruments such as futures and options and where applicable, ‘over-the- counter’("OTC","non-exchange") transactions. OTC instruments may also be less liquid and are not afforded the same protections that may apply to participants trading instruments on an organised exchange.
Currency Risk - The value of investments designated in another currency may rise and fall due to exchange rate fluctuations. Adverse movements in currency exchange rates may result in a decrease in return and a loss of capital. It may not be possible or practicable to successfully hedge against the currency risk exposure in all circumstances.
Liquidity Risk - The Strategy may make investments or hold trading positions in markets that are volatile and which may become illiquid. Timely and cost efficient sale of trading positions can be impaired by decreased trading volume and/or increased price volatility..
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