If you’re considering hiring a manager to manage your money, you might be wondering about CIFC Asset Management LLC. Read on to learn more about the firm’s business model, fees, and assets under management. Also learn how they differ from the competition. In this article, you’ll learn about the company’s business model and fees. You can then determine whether this is the right firm for you. We hope you find this article useful.
CIFC Asset Management LLC
Founded in 2005, CIFC Asset Management LLC is a global structured credit and corporate credit investment firm. Its portfolio includes U.S. CLOs, corporate credit, opportunistic credit, and debt management funds. As an investment adviser registered with the Securities and Exchange Commission, CIFC Asset Management LLC serves over 350 institutional investors across the globe. To learn more about CIFC Asset Management LLC, visit the PitchBook Platform.
While CIFC is growing at a significant pace, it is not the only firm to make this move. There are six employees who are actively looking for new business, and the firm is not paying them for bringing in new clients. The company has been growing its assets since 2011, and the recent acquisition of LBC Credit Partners will further accelerate its growth in the European corporate credit investment space. Daly will report to Steve Vaccaro, the company’s founder and CEO.
Its business model
CIFC asset management has been active in the collateralized loan obligation market for several years, and has recently implemented a new program to tie its activities to philanthropic projects. Known as the CLO Initiative for Change, this program aims to better CIFC’s impact on society, the economy, and the environment. Most recently, CIFC partnered with 2021-IV CLO participants to give $145,000 to the Black Girls Code initiative. The goal is to get more girls of color into STEM fields, and this model may appeal to investors.
CIFC Asset Management LLC was founded in 2005 and serves institutional investors worldwide. The firm has more than $32 billion in assets under management. CIFC has offices in New York and London and employs over 185 people in the U.S. and Europe. It also has a charitable program tied to its CLO activity. Further, CIFC also has a deep employee base with a diverse range of expertise.
Its assets under management
Its assets under management, also known as funds under management, measures the total market value of all financial assets. These assets may be held by individuals or financial institutions. This figure is one way to gauge the success of a financial institution. Ultimately, the goal is to make the company’s assets under management look good. But what exactly are the components of an asset’s value? Let’s take a closer look at the most important ones.
In the next decade, asset managers will double their assets under management, reaching a total of US$ 145.4 trillion. The fastest-growing regions will be Asia Pacific and Latin America. While the number of asset managers will continue to grow globally, they are increasingly expanding into niche markets, as governments look to fund their own retirement savings. And while asset managers have the best-performing portfolios, a growing number of people don’t have time to invest.
Cifc Asset Management’s fees are based on several different revenue streams, including a percentage of assets under management and performance-based fees. These fees do not include brokerage commissions, interest, taxes, or other account expenses. Cifc Asset Management also does not have an investment adviser representative on staff, so employees may not be paid for bringing in new clients. These factors, among others, may affect the fees charged by CIFc Asset Management.
The firm’s portfolio is composed of assets associated with its structure, including CLOs, separately managed accounts, and closed-end funds. Although it does not value the assets it manages internally, CIFC has worked with many BDCs to establish successful strategies. Its portfolio includes Saratoga Capital, Prospect Capital, Golub & Pennant, and Medley. However, its fees are not disclosed to investors.