Cortland Capital Market Services has been appointed by Arrowpoint Asset Management to provide middle office services to Arrowpoint CLO 2013-1.
Denver-based Arrowpoint Asset Management is an investment adviser with approximately USD1.9bn under management as of 31 December 2012.
Arrowpoint uses in-depth fundamental research to identify asymmetric risk/reward opportunities in providing investment advisory services to both separate accounts and investment funds.
Cortland is an experienced CLO middle office service provider. Cortland will provide CLO waterfall modelling, collateral substitution compliance, trustee reconciliation, loan administration, and trade settlement services to Arrowpoint.
“Having the depth and breadth of Cortland’s experienced professionals at our side allowed us to efficiently manage our CLO launch,” says Rick Grove, chief operating officer of Arrowpoint. “The timeliness and quality of information Cortland’s CLO infrastructure provides is extremely valuable to our team.”
Arrowpoint CLO 2013-1 is a collateralised loan obligation.
“We are excited to be working with the team at Arrowpoint as they launch their new CLO,” says Lora Peloquin, managing director of Cortland. “Cortland’s CLO infrastructure platform is second to none. We believe it is very difficult to replicate the scale of expertise and functions our solution provides a collateral manager.”