Opalesque Industry Update - Alcentra Group, the alternative fixed income specialist of BNY Mellon Investment Management (IM), further builds its global structured credit team. Hiram Hamilton, Global Head of Structured Credit, will be re-locating to the firm's New York office in April of this year.
Hamilton joined Alcentra in 2008, and has been located in the firm's London office, managing a business platform of over US$4.0 billion in assets under management, and leading a dedicated team of four experienced investment professionals. Prior to joining Alcentra, Hamilton was Executive Director and Head of the European CDO Group at Morgan Stanley.
The firm also announced that as part of the firm's build-out of its US capability/team, Brandon Chao has joined the firm as a Senior Vice President in New York, reporting to Hamilton. Brandon joins Alcentra from Omega Advisors, where he was employed for five years as a Senior Analyst for structured products and corporate credit. He was part of a team of four investment professionals managing a credit portfolio of approximately US$1 billion, and had a particular focus on CLO mezzanine and equity investing. Prior to Omega, Chao worked at King Street Capital Management as a trader for six years, focusing on corporate and structured credit.
Alcentra's structured credit investment capabilities have experienced positive performance and growth in assets under management. Strategies include dedicated capital for each of CLO equity, mezzanine and investment grade debt, and vehicles include open and closed end funds, and separately managed accounts. Alcentra's structured credit platform has been the recipient of numerous industry recognitions, including from: Barron's, HFM, Private Debt International, EuroHedge, Global Capital, Hedge Fund Review and Creditflux.
David Forbes-Nixon, Chairman and Chief Executive Officer from Alcentra, commented:
"We are excited about enhancing our dedicated resources for structured credit investing. We have delivered compelling returns for our clients and continue to see attractive opportunities. Our expertise and capabilities in structured credit are a natural extension of Alcentra's position as a leading global loan and CLO manager."
Hiram Hamilton, Global Head of Structured Credit from Alcentra commented:
"Expanding our structured credit presence in the US is a natural next step for a business that already invests in CLOs globally with substantial US assets. We are excited about the experience and skills Brandon brings to our structured credit team."