NEW YORK, Oct. 9, 2012 /PRNewswire/ -- CIFC Corp.
(NASDAQ: DFR) ("CIFC") today announced that Stan Sokolowski has joined the Firm as a Senior
Portfolio Manager and Head of Corporate Credit Funds Management.
Mr. Sokolowski brings 21 years of credit, portfolio management and
trading experience, having invested across the credit spectrum of
high yield, loans, stressed and distressed situations.
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Prior to joining CIFC, Mr. Sokolowski was a portfolio manager
with Lucidus Capital Partners, a credit trading firm that was spun
out of Caxton Associates in 2011. Preceding Lucidus, Mr.
Sokolowski was a credit portfolio manager and trader at
Caxton. Prior to joining Caxton in 2006, Mr. Sokolowski was a
Managing Director with JPMorgan where he founded and managed the
European par and distressed loan trading business in
London.
"We are delighted to have Stan complement our highly experienced
team given his proven ability to express risk agnostically across
capital structure through fundamental credit analysis and
understanding of macro, rates, inflation, and hedging," said
Steve Vaccaro, Chief Investment
Officer. "Stan shares a common lineage with us and will be a
key part of our expansion as a diversified, alternative credit
manager."
"I am very excited to join CIFC and be a part of its future,"
said Mr. Sokolowski. "I was attracted to the Firm given its
cohesive investment and management team, proven investment model,
differentiated sourcing, and institutionalized credit
infrastructure. Credit strategies continue to provide investors
disproportionate returns relative to risk. Our goal will be to
serve as an extension of investors' resources as it relates to
liquid and illiquid credit space through creation of bespoke and
co-mingled solutions, which allow investors access to our
platform".
Stan joined Manufacturers Hanover in 1991 and completed Chemical
Bank's MBA Capital Markets and Credit Training Program in
1994. He held various positions in New York and London throughout the Capital Markets, Sales
and Trading, Investment Banking and Emerging Markets businesses of
JPMorgan's predecessor organizations. Mr. Sokolowski holds a
B.A. in Finance from Michigan State
University.
About CIFC
Founded in 2005, CIFC Asset Management (the "Firm" or "CIFC") is
a fundamentals based, relative value credit manager with
$10.1bn under management as of
June 30, 2012. Our senior
management team averages 30 years of credit experience in having
managed credit businesses in every cycle since the
1980's.
Headquartered in New York, CIFC
is a SEC registered investment advisor and a publicly traded
company (NYSE: DFR). We currently serve over 200 institutional
investors globally in providing access to the credit space. CIFC's
primary shareholders include Charlesbank Capital, Columbus Nova, GE Capital, CIFC management as
well as public shareholders. For more information, please visit
CIFC's website at www.cifc.com.
Certain statements in this press release are forward-looking
statements, as permitted by the Private Securities Litigation
Reform Act of 1995. These include statements regarding future
results or expectations. Forward-looking statements can be
identified by forward-looking language, including words such as
"believes," "anticipates," "expects," "estimates," "intends,"
"may," "plans," "projects," "will" and similar expressions, or the
negative of these words. Such forward-looking statements are based
on facts and conditions as they exist at the time such statements
are made, various operating assumptions and predictions as to
future facts and conditions, which may be difficult to accurately
make and involve the assessment of events beyond CIFC's or GE
Capital's control. Caution must be exercised in relying on
forward-looking statements. The forward-looking statements
contained in this press release are made as of the date hereof, and
neither CIFC nor GE Capital undertakes any obligation to update any
forward-looking statement to reflect subsequent events, new
information or circumstances arising after the date hereof.
SOURCE CIFC Corp.