Hedge fund manager Halcyon Asset Management has appointed Ross Smead to head a new CLO business. Smead will seek to expand Halcyon's initiatives in the CLO market, constructing and managing multiple CLO vehicles.

Smead previously worked as a managing director and portfolio manager at Prudential Investment Management, where he was employed for 21 years. As head of Prudential's bank loan business, Smead was responsible for over $3.5 billion of assets under management, mostly in CLOs.

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