Pramerica Investment Management is assuming management of a CLO previously overseen by Aladdin Capital Management UK, according to a Moody’s Investors Service report.
Hudson CLO 1’s ratings will not be affected by the change, the rating agency said.
Pramerica Financial is the brand name used by Prudential Financial in select countries outside of the U.S.
Meanwhile, Resource America’s subsidiary Resource Europe Management has sold the management contract of a €300 million ($393 million) CLO to an affiliate of Intermediate Capital Group (StructuredFinanceNews.com, Dec. 22, 2010).
