Pru To Manage $478M Aladdin U.K. CLOs

Pramerica Investment Management will manage about $478 million of Aladdin Capital Management U.K. collateralized loan obligations.

Pramerica Investment Management will manage about $478 million of Aladdin Capital Management U.K. collateralized loan obligations (CLOs), Bloomberg reports. The asset management unit of Prudential Financial will handle the CLO, knows Hudson CLO I. Aladdin Capital has handed over its rights and obligations under a collateral management agreement to Prudential Fixed Income’s London asset manager. Pramerica has also appointed Peter Allan and Richard Etheridge from Aladdin, to its European leveraged finance team in London.

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