Euro CLO manager resigns

Euro CLO manager resigns

Wednesday 12 May 2010 13:39 London/ 08.39 New York/ 21.39 Tokyo

Natixis, the European collateral manager on Marquette US/European CLO, has tendered its resignation. Neuberger Berman Fixed Income is currently lead collateral manager on the transaction and is set to take on European collateral management duties for the deal, subject to noteholder approval.

Neuberger Berman Fixed Income was formerly known as Lehman Brothers Asset Management. The firm acquired Lightpoint Capital Management - the deal's original lead manager - in 2007.


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