STOCK TITAN

Kevin Farley joins Post Advisory Group as portfolio manager to support growing CLO and structured credit platform

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Post Advisory Group has announced the hiring of Kevin Farley as a portfolio manager for its CLO and structured credit platform. This addition aims to enhance the firm's investment capabilities, focusing on offering strategies with strong downside protection and low volatility. Farley brings over 25 years of experience, including significant expertise in structured credit, previously working at Wells Fargo Securities and Citadel Securities. His role will help manage the firm’s CLO and structured credit solutions, including the recently raised Post CLO Equity Master Fund.

Positive
  • Hiring of Kevin Farley enhances portfolio management for structured credit.
  • Farley brings over 25 years of experience, strengthening the investment team.
  • The firm recently completed an oversubscribed capital raise for the Post CLO Equity Master Fund.
Negative
  • None.

LOS ANGELES--(BUSINESS WIRE)-- Post Advisory Group, the $15.6 billion AUM global high yield, senior loan and structured credit specialist investment team of Principal Global Investors®, announced today Kevin Farley has joined the firm as a portfolio manager for its CLO and structured credit platform. The addition of Farley to the team will further support the firm’s efforts to provide clients with investment strategies that deliver strong downside protection, relatively low volatility, and low correlations to many fixed income and other asset classes.

“At Post, we’re committed to providing a full suite of customized investment solutions to our clients. The addition of Kevin, with his expertise in structured credit investing, will further our capabilities and allow us to better serve our customers,” said Jeffrey Stroll, chief investment officer, Post Advisory Group. “Kevin has significant investing experience in the CLO asset class; the entire team is excited to bring this expertise in-house and is looking forward to working with him.”

Farley comes to Post Advisory Group with over 25 years of experience in financial markets, including over 20 years of experience in structured credit trading for both sell-side broker dealers as well as buy-side asset management and hedge funds. Most recently, he spent over 10 years trading CLOs at Wells Fargo Securities. Prior to his work at Wells Fargo, he was managing director, CLO/ABS trading at Citadel Securities and managing director, CLO/ABS trading and origination at Institutional Credit Partners. He earned his bachelor’s degree in finance from Rutgers College.

Farley will join Jeffrey Stroll, David Kim and William Lemberg in managing the firm’s CLO and structured credit solutions. This includes the Post CLO Equity Master Fund, LP, which Post completed an oversubscribed capital raise for in March of this year, and the Post structured credit strategy to be launched later this year.

About Post Advisory Group

Founded in 1992, Post Advisory Group is a leading multi-strategy, value-oriented asset manager specializing in global high yield, senior loans and structured credit. Post manages $15.6 billion of assets (as of June 30, 2022) on behalf of institutional investors around the world, including corporate and government pension funds, insurance companies, sovereign wealth funds, foundations, and endowments, as well as high net worth individuals. Post is an individual investment team of Principal Global Investors®.

About Principal Global Investors

Principal Global Investors leads global asset management at Principal®. As a multi-investment team firm, we bring a focused perspective and offer expertise across a host of asset classes.

At our core, we are driven by our purpose to help investors and businesses achieve their financial goals. Our global investment professionals deliver investment solutions for public and private pension funds, foundations and endowments, central banks, insurance companies, sub-advisory arrangements, sovereign wealth funds and individual portfolios.

Principal Global Investors manages approximately $507.1 billion in assets on behalf of over 800 institutional clients located in over 80 markets as well as retirement plans and individual clients, reflecting our worldwide market reach and experience and our commitment to high-quality research and service (as of June 30, 2022). To find out more, visit us at principalglobal.com.

Post funds are distributed by Principal Funds Distributor, Inc.

© 2022 Principal Financial Services, Inc. Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and services marks of Principal Financial Services, Inc., in various countries around the world.

Media Contact: Shawn Finlen, 515-878-0507, finlen.shawn@principal.com

Source: Post Advisory Group

Principal Financial Group, Inc.

NASDAQ:PFG

PFG Rankings

PFG Latest News

PFG Stock Data

19.63B
226.12M
1.04%
73.06%
1.05%
Asset Management
Accident & Health Insurance
Link
United States of America
DES MOINES