Chatham Asset Management Launches New CLO Management Team

Chatham Asset Management Launches New CLO Management Team

CHATHAM, N.J.--Chatham Asset Management, LLC, a private investment firm, has officially launched its CLO management division, now operating under the name CTM Asset Management. This strategic move includes a strong capital commitment aimed at building the team and facilitating the initial issuance of CLOs.

CTM will function as an independent entity, bolstered by specialized teams focused on portfolio management, research analysis, and operations. This structure is designed to enhance Chatham’s capabilities in the leveraged loan market.

Experienced Leadership Driving CTM Asset Management

The management of CTM boasts a distinguished team of professionals, all of whom bring extensive experience and well-established relationships within the leveraged loan market. The team plans to onboard between six to eight credit research analysts as part of its foundational staff.

Leadership Overview

At the helm of CTM is Thomas Flannery, who serves as the Group Head and Chief Investment Officer. With over 25 years at Credit Suisse Asset Management, he excels in managing CLOs and has received several accolades for his successful performance. Flannery holds a BS in Finance from Georgetown University.

Joining him is Matthew Sosland, a Portfolio Manager with a 27-year career in leveraged credit investment. Sosland, who is a CFA charterholder, has played substantial roles at major investment firms and holds a BA in Economics and Political Science from Swarthmore College.

Andrew Chatham takes on the role of Head of Structured Credit, bringing expertise in CLO tranche investing and structuring from his tenure at Assured Investment Management. He holds a BS in Quantitative Finance from James Madison University.

Chuck Chakrala assumes the position of Head of CLO Operations & Compliance. Previously at Sound Point Capital Management, he comes equipped with vast experience in analytics and operations, holding a BS in Finance & Business Logistics from Pennsylvania State University.

Chatham's Commitment to the CLO Market

Anthony Melchiorre, Managing Member of Chatham, emphasizes the firm’s dedication to enhancing its expertise in leveraged credit markets since its inception in 2003. The launch of CTM is presented as a natural progression of Chatham’s core business, aimed at providing deeper insights into diverse corporate issuers, which ultimately benefits their investment strategies.

In statements of enthusiasm, Thomas Flannery highlights Chatham’s pioneering role within the leveraged credit markets. He expresses eagerness to build an elite team that will effectively navigate the new CLO landscape.

Future Prospects for CTM Asset Management

As CTM Asset Management sets off on this journey, it aims to blend Chatham's longstanding commitment to leveraged credit with its innovative approach towards CLO management. This launch represents not just an expansion of services but a significant investment in the infrastructure of credit management that could redefine traditional investment strategies.

The establishment of CTM is poised to bring a transformative impact on Chatham's operational approach and investment capabilities, reinforcing the firm’s standing in the competitive landscape of asset management.

Frequently Asked Questions

What is CTM Asset Management?

CTM Asset Management is the newly established CLO management business under Chatham Asset Management, focusing on leveraged credit investments.

Who leads CTM Asset Management?

CTM is led by experienced professionals including Thomas Flannery as Chief Investment Officer, Matthew Sosland as Portfolio Manager, and Andrew Chatham as Head of Structured Credit.

What are CLOs?

CLOs, or Collateralized Loan Obligations, are securities backed by a pool of loans, typically corporate loans, that provide investors with various risk-return profiles.

Why did Chatham launch CTM?

The launch of CTM aligns with Chatham's strategy to enhance its capabilities and expertise in the leveraged credit markets while expanding its investment opportunities.

What is the experience of the CTM team?

The CTM team has decades of combined experience in the credit markets, with backgrounds at leading investment firms focusing on CLO management and analytics.

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