ECM's funds could soon invest in leveraged loans

Euro debt 230x150
By Olivier Holmey
19 Jun 2014

ECM Asset Management, the London-based investment firm owned by Wells Fargo, expects to gain final approval this month to begin committing money to leveraged loans in its multi-asset class funds.

ECM told GlobalCapital that it had obtained approval from the Commission de Surveillance du Secteur Financier of Luxembourg, where it is domiciled, as well as from its board and from existing investors.

The asset manager is now waiting for approval from the fund's auditor, which is expected by ...

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