CLO moves: Gulf Stream CLO manager leaves Apollo
A portfolio manager mainly focused on CLOs acquired from Gulf Stream in 2011 has left Apollo Global Management, GlobalCapital understands. Separately, Apollo is marketing its first US CLO of 2015, ALM 12, with Morgan Stanley as arranger.
Steve Riddell, who worked at Gulf Stream Asset Management when the firm was bought by Apollo in 2011, left the firm on Wednesday. He is understood not to have gone to a competitor — the move was driven by him moving home with his family.