Barclays Capital, Barclay's investment banking division, has appointed Hans L. Christensen to head its new US leveraged loan investment management business.
Christensen - and portfolio managers, Martin Davey, Michael Regan, and analyst Maria Cruz - will be responsible for building the business which aims to provide investment management services to institutional clients.
Based in New York, Christensen reports to Elliot Asarnow, global head of research and credit portfolio.
Christensen and his team join the firm from the alternative investment strategies division of rival firm Citigroup, where he became senior portfolio manager in 1993. Commenting on the appointments, Asarnow said: The leveraged loan asset class has emerged as a key source of financing for non-investment grade corporations and an attractive asset class for investors.”
*Berkshire Asset Management was appointed last month by the Massachusetts Pension Reserves Investment Management Board to oversee a US$75m LBO portfolio. The move was advised by Wilshire Associates.
By Madhu Kalia
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