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Credit hedge fund manager takes over Deutsche Bank CPDC
Monday, July 11, 2011
Oak Hill Advisors has taken over as manager of credit derivative product company NewLands Financial, according to Moody’s, which confirmed the vehicle’s ratings. NewLands was set up by Deutsche Bank in 2007, with Axa Investment Managers acting as portfolio manager.
Oak Hill, which is based in New York but also has a substantial operation in London, is a manager of mainly high yield hedge funds as well as CLOs.
Oak Hill, which is based in New York but also has a substantial operation in London, is a manager of mainly high yield hedge funds as well as CLOs.
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CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
