A fter cutting her teeth as a trader and analyst with Bernstein Macaulay's high yield bond and MBS desks in the 1980's Katonah Managing Principal and Portfolio Manager Joyce DeLucca, teamed up with Jim Ferguson and Andrew Godron to establish Octagon Credit Investors, an experienced leveraged-loan and high-yield bond investment manager, in the 1990's. Just as the company was about to be spun off in 1999, DeLucca met the Kohlberg family, which was looking to enter the CDO market - and the rest, as they say, is history.

At Katonah, DeLucca tends toward arbitrage CDO structures targeting leveraged loans and high-yield bonds with an overall credit quality of B1'/'Ba3' (Moody's Investors Service) or B+'/'BB-' (Standard & Poor's).

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