CIFC hires Klein as senior portfolio manager of structured products

By Wendy Van Sickle

Columbus, Ohio, Oct. 19 – CIFC Corp. has hired Robert J. Klein as senior portfolio manager and managing director of structured products to lead the firm’s structured products portfolios, according to a Monday press release.

Klein reports to co-presidents Oliver Wriedt and Steve Vaccaro and will join the firm’s operating committee.

Klein joins from Prospect Capital Management, where he was the lead portfolio manager for the firm’s CLO investments.

“CIFC was one of the first collateral managers that we invested with as I started the CLO business at Prospect, so I have known Oliver, Steve and their team for many years now,” Klein said in the release. “I look forward to leading the fundraising and investing efforts for CIFC’s structured products portfolios. Today there exists a tremendous market opportunity where relative value trades are available in significant size and diversity as many historical buyers of various parts of the CLO value chain have left the market. This leaves prices weakened, and those with capital to invest with a unique window of opportunity to achieve outsized yields and terrific upside.”

Previously, Klein worked at American Capital, Ltd., where he was a managing director and led the New York private equity and financial sponsor lending teams, and at American Securities and American Industrial Partners, both middle-market private equity firms.

CIFC is a New York-based credit manager.

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