Sector developments and company hires

WhiteStar Asset Management has announced its acquisition of five reinvesting CLOs of more than US$2bn managed by Carlson CLO Advisers. WhiteStar will take on all collateral management duties of the Cathedral Lake branded CLOs, effective from 31 March 2022. WhiteStar and Carlson were represented in the transaction by Milbank and Mayer Brown, respectively. The acquisition follows WhiteStar’s recent expansion, acquiring more CLOs at the end of 2021, as the firm works to develop its credit business and enter new markets. With the US$2bn Carlson CLOs, WhiteStar will bring its total CLO assets under management to an estimated US$12bn across 27 CLO vehicles, multiple hedge funds, and other account offerings.

In other news…

North America

Angelo Gordon has recruited Neuberger Berman’s former head of product strategy and marketing, Alan Isenberg, to lead the business in its global client and product functions. As head of Angelo Gordon’s Client Partnership Group, he will work on client coverage and services, new business development, as well as product development and management. Isenberg will report to Angelo Gordon co-ceo, Josh Baumgarten, and succeeds Garrett Walls, the firm’s former global head of investor relations, who will continue on as a senior advisor at the firm until his planned retirement at the end of the year. Isenberg follows several other recent additions to the US$51bn alternative investment firm’s team, including chief strategy officer Scott Soussa, and new head of ESG, Allison Binns, as it works to develop its strategic initiatives across the business.

Jeana Curro has joined Bank of America as md, head of agency MBS research, based in New York. Curro was previously a director and portfolio manager within BlackRock’s financial markets advisory team. Prior to that, she worked at Deutsche Bank, RBS and UBS as an agency MBS strategist.