Aladdin Capital has unveiled its new strategy designed to take advantage of the changing and deteriorating market environment in credit.
“We have downsized the CLO, CDO and CSO areas and are losing some staff,” says Neal Neilinger, vice-chair at Aladdin.
“We’re looking at all the centres but the losses will mainly be in Stamford where the bulk of the origination and structuring staff are,” he says.
While it is losing 15 out of 75 staff based in the US – the head office is in Stamford, Connecticut, Aladdin is hiring officials in other sectors.
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