Angel Oak Capital Advisors Names Namit Sinha as Chief Investment Officer
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Insights
The recent strategic leadership restructuring at Angel Oak Capital Advisors, particularly the promotions of Namit Sinha to CIO and Clayton Triick to Head of Portfolio Management of Public Strategies, is indicative of the firm's proactive approach to talent management and internal progression. This move has implications for the firm's strategic direction, potentially impacting its investment performance and, by extension, investor confidence. With Sinha's extensive experience in fixed income and structured credit, his elevation to CIO could signal a bolstering of the firm's capabilities in these areas, which may be reflected in the performance of their investment products, such as the Angel Oak Ultrashort Income ETF (UYLD) and the Angel Oak Income ETF (CARY).
The departure of key personnel like Sam Dunlap and Colin McBurnette could introduce a period of transition risk, which the market typically views with caution. However, the firm's established team-based investment approach and the structured transition plan may mitigate some of this risk. Investors will be watching closely for any changes in fund performance or investment strategy that might arise from this leadership shuffle.
Angel Oak's ETF platform growth to approximately $350MM in assets since November 2022 is a positive indicator of the firm's recent success and market acceptance of their products. This growth trajectory is likely to be a focal point for investors assessing the firm's potential for future asset inflows and overall financial health.
The promotions within Angel Oak signify a strategic emphasis on integration and innovation within the firm's investment management team. This reorganization could enhance the firm's competitive position in the structured credit market by leveraging synergies between public and private investment strategies. The market for structured credit solutions is highly specialized and Angel Oak's emphasis on securitization platform growth and ETF performance could attract institutional clients looking for expertise in these areas.
Furthermore, the ETF market has seen substantial inflows over recent years, with investors favoring the liquidity and diversification ETFs offer. Angel Oak's focus on expanding its ETF offerings could capitalize on this trend, potentially increasing market share and revenue. However, the success of these strategies will depend on the firm's ability to maintain performance consistency during the leadership transition and to innovate in response to evolving market conditions and investor preferences.
Angel Oak's leadership changes are a strategic maneuver that could have long-term implications for the firm's investment philosophy and risk management practices. With Triick's history of success in the Multi-Strategy Income Fund and the inception of the Ultrashort Income Fund, his new role overseeing all mutual funds, ETFs and interval funds suggests a potential shift towards more diversified and innovative public investment strategies. This could lead to the development of new products and strategies that might appeal to a broader range of investors.
The integration of private and public investment strategy oversight under Sinha's leadership may result in a more cohesive and dynamic approach to asset management. Investors will likely monitor the outcomes of this integration, as it could influence the risk-return profiles of Angel Oak's offerings. The ability of the firm to maintain its reputed securitization platform and to continue delivering innovative strategies will be crucial in retaining and attracting investors in a competitive landscape.
Senior PM Clayton Triick moves to Head of Portfolio Management of Public Strategies as Angel Oak sets up investment management team for successful 2024
Mr. Sinha has served as the Chief Investment Officer of the firm’s private strategies division since February 2020 and has more than 20 years of experience in fixed income products, specifically mortgage and structured credit. Since joining the firm in 2018 from Canyon Partners, he has been a key member of Angel Oak’s investment team, executing innovative strategies for its institutional client-base as well as growing the firm’s securitization platform into one of the most well-regarded in the industry. He will continue to report to Mr. Prabhu.
“Namit will serve as an excellent CIO for Angel Oak Capital Advisors and brings valuable insight from the private strategies side that will be instrumental in leading the full investment management team and charting the investment landscape for 2024 and beyond,” said Prabhu. “Our vision was to create a more integrated investment management platform where the best minds of Angel Oak can work together for the benefit of our clients and Namit will be exemplary in unlocking that potential.”
With more than 12 years at Angel Oak, Mr. Triick’s promotion from Senior Portfolio Manager to Head of Portfolio Management for the firm’s public strategies is reflective of his success in executing on key growth strategies and contributions to the firm’s investment approach. Mr. Triick has served as a PM on the firm’s flagship Multi-Strategy Income Fund and was instrumental in managing RMBS within the fund since its inception. He conceived of and has been a PM on the Ultrashort Income Fund since 2018. In his new role, Triick will oversee the portfolio managers and analysts dedicated to the firm’s public strategies. He will also serve as a portfolio manager for all mutual funds, ETFs and interval funds. He will report to Mr. Sinha.
Sinha and Triick will be supported by 29 investment team members across the firm’s public and private strategies. The firm’s team-based investment approach it has employed since inception is well established and will remain in place. Prabhu will continue in his role as Group Chief Investment Officer, which he has held since the firm’s inception. Mr. Prabhu’s vision was instrumental in building the team-based approach with tenured experience across all asset classes and sectors in which the firm invests.
The portfolio management changes come after a year of success for Angel Oak in navigating market conditions, while delivering on key growth initiatives set forth by the firm. This includes milestone achievements for their ETF platform, with both of the firm’s ETFs, the Angel Oak Ultrashort Income ETF (NYSE: UYLD) and the Angel Oak Income ETF (NYSE: CARY) growing to approximately
The organizational changes are in preparation for the planned departures of Sam Dunlap, who has served as co-CIO overseeing public strategies, and Senior Portfolio Manager, Colin McBurnette. Both Dunlap and McBurnette will be leaving Angel Oak in the second half of 2024. Angel Oak will work closely with Dunlap and McBurnette to execute on a successful and collaborative transition.
“We’re extremely appreciative of Sam’s and Colin’s dedication to growing Angel Oak for more than a decade, as they’ve helped turn Angel Oak into a global leader in structured credit solutions,” said Prabhu. “The transition period will ensure continuity in our investment process and client experience, and we are excited for what the future holds for our firm as we continue to deliver on our investment objectives for clients and deliver new and innovative investment strategies.”
About Angel Oak Capital Advisors
Angel Oak is an investment management firm focused on providing compelling fixed-income investment solutions to its clients. Backed by a value-driven approach, Angel Oak seeks to deliver attractive, risk-adjusted returns through a combination of stable current income and price appreciation. Its experienced investment team seeks the best opportunities in fixed income, with a specialization in mortgage-backed securities and other areas of structured credit.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund. This and other important information about the Fund is contained in the Prospectus which can be obtained by calling Shareholder Services at 855-751-4324 or from www.angeloakcapital.com. The Prospectus should be read carefully before investing.
Investing involves risk; principal loss is possible. Investments in debt securities typically decrease when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and nonrated securities present a greater risk of loss to principal and interest than higher-rated securities do. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of, including credit risk, prepayment risk, possible illiquidity, and default, as well as increased susceptibility to adverse economic developments. Derivatives involve risks different from—and in certain cases, greater than—the risks presented by more traditional investments. Derivatives may involve certain costs and risks such as illiquidity, interest rate, market, credit, management, and the risk that a position could not be closed when most advantageous. Investing in derivatives could lead to losses that are greater than the amount invested. The Fund may use leverage, which may exaggerate the effect of any increase or decrease in the value of securities in the Fund’s portfolio or higher and duplicative expenses when it invests in mutual funds, ETFs, and other investment companies. For more information on these risks and other risks of the Fund, please see the Prospectus.
ETFs may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market prices (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Fund is an actively managed ETF, which is a fund that trades like other publicly-traded securities. The Fund is not an index fund and does not seek to replicate the performance of a specified index.
The Angel Oak Funds are distributed by Quasar Distributors, LLC.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240112773060/en/
Media:
Trevor Davis, Gregory FCA for Angel Oak
443-248-0359
trevor@gregoryfca.com
Company:
Randy Chrisman, Chief Marketing and Corporate Investor Relations Officer, Angel Oak
404-953-4969
randy.chrisman@angeloakcapital.com
Source: Angel Oak Capital Advisors, LLC
FAQ
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