They manage a good number of CLOs and other ABS structures, I know they have a credit ops fund as well. CLOs are really more of a "baseline" asset management product, a lot of credit asset managers have CLOs as a sideline to provide a base level of fairly steady fee income and support their more aggressive strategies, be that credit hedge funds, mezzanine funds, distressed, etc.

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
 

terrible place with utterly incompetent mgmt. clo business is a dying business. they tried to get into the fixed income/credit capital mkts business to diversify, except these idiots conveniently overlooked the fact that fixed income/credit is a capital intensive business... and capital is one thing they don't have. the founder made the biggest mistake of his life hanging on too long to a dying business and hiring an idiot to build an investment banking business...

 

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