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Millennium team heads to CIFC to lead US high yield group

Wednesday, January 29, 2020
Opalesque Industry Update - CIFC has appointed Jason Horowitz as Head of U.S. High Yield Bond Investments to lead the expansion of CIFC's high yield investment business. In this new role, Mr. Horowitz is supported by seasoned high yield investment professionals, Managing Director Brandon Hole and Executive Director Eric Seiden. Mssrs. Horowitz, Hole and Seiden join CIFC from Millennium Management and are based in New York.

Steve Vaccaro, CEO and CIO of CIFC, said, "Jason, Brandon and Eric are accomplished credit professionals whose significant experience investing in high yield bonds will be instrumental to CIFC as we continue to expand the range and flexibility of our investment solutions for investors globally. We look forward to leveraging their complementary skillsets, alongside our deep bench of corporate credit research analysts, to identify and exploit unique, risk-adjusted opportunities in the high yield bond market across issuers and market environments."

Mr. Horowitz added, "CIFC is a global market leader in alternative credit and we are excited to join its talented team to help continue to develop dynamic investment products that meet investors' increasing appetite for exposure to high yield. CIFC's robust infrastructure and scalable investment process best position us to differentiate the firm's corporate credit platform and build upon its proven track record of investing across leveraged loans, high yield bonds and special situations credit."

The U.S. high yield bond team further strengthens and diversifies CIFC's business and follows a number of strategic hires and new products, including the launch of the firm's first structured credit UCITS fund, the appointment of Dan Robinson as Chief Investment Officer, Europe, and the addition of a distressed debt team led by Steven Gendal, Head of Distressed Credit.

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