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Avenue announces senior hire in active distressed business
Tuesday, January 24, 2012
Credit manager Avenue Capital has announced that it has made a senior hire in its distressed-for-control business. The manager has hired Stephen Trevor from Morgan Stanley Investment Management’s private equity group as a senior managing director, based in both London and New York. Avenue’s distress-for-control business is separate from its more active distressed debt trading business, where it has recently raised $2 billion for a Europe-focused fund.
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CFlux secondary
CLO index levels:
| Index | 14 May |
|
| CFlux USD AAA | ↑ | 96.0 |
| CFlux USD AA | ↑ |
87.7 |
| CFlux USD A | ↑ | 85.1 |
| CFlux USD BBB | ↓ | 77.2 |
| CFlux USD BB | ↑ |
75.9 |
| CFlux USD EQ | ↓ | 76.7 |
