{"id":24013,"date":"2011-08-11T06:19:57","date_gmt":"2011-08-11T10:19:57","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=24013"},"modified":"2011-08-11T06:24:56","modified_gmt":"2011-08-11T10:24:56","slug":"hewitt-shareholders-nominate-hedge-fund-as-243-million-collateral-manager","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2011\/hewitt-shareholders-nominate-hedge-fund-as-243-million-collateral-manager.html","title":{"rendered":"Hewitt Shareholders Nominate Hedge Fund As $243 Million CLO Manager"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/08\/spyker-shareholders-green-light-saab-revival-16804_1-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-24014\" title=\"shareholders\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/08\/spyker-shareholders-green-light-saab-revival-16804_1-1-300x282.jpg\" alt=\"\" width=\"210\" height=\"197\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/08\/spyker-shareholders-green-light-saab-revival-16804_1-1-300x282.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/08\/spyker-shareholders-green-light-saab-revival-16804_1-1.jpg 471w\" sizes=\"auto, (max-width: 210px) 100vw, 210px\" \/><\/a>New York (HedgeCo.net) &#8211; \u00a0Texas hedge fund\u00a0adviser\u00a0Highland Capital Management and it&#8217;s affiliate,\u00a0Acis Capital Management, L.P., \u00a0is now the successor Collateral Manager of Hewett&#8217;s Island CLO I-R Ltd, with approximately $243 million of assets under management.<\/p>\n<p>Alternative\u00a0investment\u00a0specialist, Acis, assumed the role as Hewett&#8217;s collateral manager after a majority of the subordinated noteholders nominated the firm for the role.<\/p>\n<p>&#8220;We continue to be strong proponents of the collateralized loan obligations (CLO) markets,&#8221; said Josh Terry, Portfolio Manager at Acis. &#8220;We are honored by our selection as manager of this CLO and believe we are well positioned to improve its credit quality and performance.&#8221;<\/p>\n<p>The transaction, completed July 18, raises Highland and its affiliates&#8217; total CLO assets under management to $17.5 billion, comprised of 27 different CLO vehicles.<\/p>\n<p><strong>Investopedia explains\u00a0<em>Collateralized Loan Obligation &#8211; CLO<\/em><\/strong><br \/>\nCollateralized loan obligations are\u00a0the\u00a0same as collateralized\u00a0mortgage obligations (CMOs)\u00a0except for the assets securing the obligation. CLOs allow banks to reduce regulatory capital requirements by selling large portions of their commercial loan portfolios to international markets, reducing the\u00a0risks associated with lending.<\/p>\n<p>Editing by Alex Akesson<br \/>\nFor <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; \u00a0Texas hedge fund\u00a0adviser\u00a0Highland Capital Management and it&#8217;s affiliate,\u00a0Acis Capital Management, L.P., \u00a0is now the successor Collateral Manager of Hewett&#8217;s Island CLO I-R Ltd, with approximately $243 million of assets under management. Alternative\u00a0investment\u00a0specialist, Acis, assumed the role [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,3],"tags":[],"class_list":["post-24013","post","type-post","status-publish","format-standard","hentry","category-activist-funds","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=24013"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24013\/revisions"}],"predecessor-version":[{"id":24019,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24013\/revisions\/24019"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=24013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=24013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=24013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}