Multi-billion dollar collateralized debt obligation manager Aladdin Capital Holdings and Mitsubishi Corporation Finance have formed a joint venture. The new Stamford, Conn.-based firm MCF-Aladdin Holdings rolled out a leveraged loan fund in August and multi-strategy structured credit fund last week.
Aladdin manages $1.5 billion in high yield loans, and MCF-Aladdin is looking to cap the new loan fund at over $1 billion. Aladdin will manage both funds, while Mitsubishi will provide distribution in Japan, said George Marshman, cio of Aladdin.
Aladdin has also recently made several new hires to help manage the funds, including, quantitative manager Yi Zhao from BMP. Zhao worked on the derivatives trading desk at BMP. Calls to Zhao and an official at BMP were not returned.