NEW YORK — January 8, 2016 — MatlinPatterson, an alternative asset manager of distressed and other credit opportunities, today announced that the MP Securitized Credit Fund (the “Fund”) has been awarded “Recognized Leader in Securitized Credit Asset Management & Best Long/Short Credit Fund (3yrs)” by Acquisition International at the publication’s 2016 AI Hedge Fund Awards.
MatlinPatterson’s securitized credit business is co-managed by Marc Rosenthal and Noelle Savarese, and invests from a liquid relative value approach, targeting credit investments across the residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and asset-backed securities (ABS) markets.
“We are excited to be recognized by AI for our recent track-record of outperformance within the asset class,” said Marc Rosenthal and Noelle Savarese in a joint statement. “Our strategy has always been centered upon targeting consistent, risk-adjusted returns through in-depth fundamental analysis and security selection. Our commitment to bottom-up credit analysis allows us to provide our clients with a duration-hedged fixed income product that strives for strong cash flows, opportunistic trading gains and the opportunity for capital appreciation.”
The 2016 Hedge Fund awards carried out by Acquisition International are now in their fourth season, according to the publication. “Celebrating excellence and achievement in the emerging asset class, the awards honour the key influencers in the industry.”
MatlinPatterson is an alternative asset manager with a focus on distressed and other credit opportunities. MatlinPatterson began investing in distressed corporate situations in 1994 within Credit Suisse. They quickly garnered recognition as an investment team successful in capturing value in distressed situations in less efficient markets around the world—taking control and non-control positions in situations other firms avoided. From this depth of experience, the firm grew, spinning out of Credit Suisse in 2002 as a noted private equity firm and rapidly evolving into a broader credit-focused investment manager. In 2010, the firm launched a range of targeted credit strategies to enable investors to benefit from the firm’s breadth and depth of experience investing across the dynamic credit markets. MatlinPatterson has nearly 80 employees located in offices in New York and Cleveland. Visit our website at www.matlinpatterson.com
Executive Vice President
Dukas Linden Public Relations
Acquisition International used the following criteria in selecting the recipient: Acquisition International nominated a selection of candidates believed to be deserving of the position based on achievements during the last 12 months. The International Hedge Fund Awards 2016 are determined through a combination of three factors: Initial vote/nomination, in-house research, and supporting evidence. Voting forms were distributed to 108,000 subscribers to Acquisition International as well as 83,000 hedge industry professionals based across the globe. Past performance is not necessarily indicative of future results, and there can be no assurance that the same results will be achieved by any one Fund investor, that the Fund will achieve comparable results or that the Fund will be able to implement its investment strategy, achieve its investment objectives or avoid losses.