Chatham Asset Management Introduces New CLO Management Team
CHATHAM, N.J.--Chatham Asset Management, LLC, a private investment firm, has officially launched its CLO management division, now known as CTM Asset Management. This strategic initiative includes a significant capital commitment aimed at building the team and facilitating the initial issuance of CLOs.
CTM will operate as an independent entity, supported by specialized teams dedicated to portfolio management, research analysis, and operations. This structure is intended to enhance Chatham’s capabilities in the leveraged loan market.
Experienced Leadership Behind CTM Asset Management
The management team at CTM consists of seasoned professionals who bring a wealth of experience and established relationships within the leveraged loan market. As part of its foundational staff, the team plans to hire between six to eight credit research analysts.
Leadership Overview
Leading CTM is Thomas Flannery, who serves as the Group Head and Chief Investment Officer. With over 25 years of experience at Credit Suisse Asset Management, he has excelled in managing CLOs and has received numerous accolades for his outstanding performance. Flannery earned a BS in Finance from Georgetown University.
Joining him is Matthew Sosland, a Portfolio Manager with a 27-year career in leveraged credit investment. A CFA charterholder, Sosland has held significant 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 time at Assured Investment Management. He holds a BS in Quantitative Finance from James Madison University.
Chuck Chakrala has been appointed as Head of CLO Operations & Compliance. Previously with Sound Point Capital Management, he brings extensive experience in analytics and operations, holding a BS in Finance & Business Logistics from Pennsylvania State University.
Chatham's Dedication to the CLO Market
Anthony Melchiorre, Managing Member of Chatham, emphasizes the firm’s commitment to enhancing its expertise in leveraged credit markets since its founding in 2003. The launch of CTM is seen as a natural evolution of Chatham’s core business, aimed at providing deeper insights into various corporate issuers, ultimately benefiting their investment strategies.
Expressing enthusiasm, Thomas Flannery highlights Chatham’s pioneering role within the leveraged credit markets. He looks forward to building an elite team that will effectively navigate the evolving CLO landscape.
Future Prospects for CTM Asset Management
As CTM Asset Management embarks on this new journey, it aims to combine Chatham's longstanding commitment to leveraged credit with an innovative approach to CLO management. This launch signifies not only an expansion of services but also a substantial investment in the infrastructure of credit management that could reshape traditional investment strategies.
The establishment of CTM is set to have a transformative impact on Chatham's operational approach and investment capabilities, solidifying the firm’s position in the competitive asset management landscape.
Frequently Asked Questions
What is CTM Asset Management?
CTM Asset Management is the newly established CLO management division under Chatham Asset Management, focusing on leveraged credit investments.
Who leads CTM Asset Management?
CTM is led by a team of 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, which provide investors with a variety of 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 broadening its investment opportunities.
What is the experience of the CTM team?
The CTM team collectively possesses decades of experience in the credit markets, with backgrounds at leading investment firms specializing in CLO management and analytics.
