Alcentra takes on $7.6bn with Standish HY move
The chairman of investment manager Alcentra has told EuroWeek that he believes his firm has been "propelled to the top table" of global sub-investment credit managers after it took on $7.6bn of assets with the integration of Standish Mellon Asset Management’s high yield bond team into Alcentra.
"There are probably only half a dozen managers who can say theyre truly global, and have over $20bn AUM in sub-investment credit," said David Forbes-Nixon, chairman and CEO of Alcentra.The transaction will increase Alcentras assets under management from $15.2bn to $23bn from the start of 2013, when it ...
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