NEW YORK, May 24, 2012 /PRNewswire/ -- Guggenheim Partners, LLC ("Guggenheim"), a global diversified financial services firm, today announced that it has received high honors at Creditflux's Manager Awards 2012. Guggenheim was selected among a roster of highly respected corporate credit asset managers and named "Manager of the Year" at an awards ceremony held on May 9 at the Landmark Hotel in London. The firm also garnered recognition for its management of Copper River, a collateralized loan obligation (CLO) it priced in 2007, which was awarded "Best Boom-Years U.S. CLO (2006-2008)."
"At Guggenheim, we believe credit investing requires extensive research, constant monitoring, and the ability to react quickly to market and industry changes," commented Mike Damaso, co-head of Guggenheim's corporate credit business. "We are honored to be recognized among our industry peers as a leading credit manager. This recognition is a tremendous accomplishment and a testament to the quality of work and dedication of our entire corporate credit team."
This is the second consecutive year Guggenheim has been recognized by Creditflux. In 2011 the firm was named "Best U.S. CLO Manager." Creditflux's annual Manager Awards recognizes the best performing CLOs, credit funds, and managers over the last 12 months.
"The 'Manager of the Year' award recognizes excellence across all aspects of credit management. The award combines the methodology for our CLO and credit hedge fund awards," said Tom Davidson, Assistant Editor at Creditflux. "To win, a manager needs to have CLOs that have generated notable equity returns while safeguarding debt investors, as well as credit hedge funds that consistently outperform their peer group."
About Guggenheim Partners
Guggenheim Partners is a privately held global financial services firm with more than $125 billion in assets under management. The firm provides asset management, investment banking and capital markets services, insurance, institutional finance and investment advisory solutions to institutions, governments and agencies, corporations, investment advisors, family offices and individuals. Guggenheim Partners is headquartered in New York and Chicago and serves clients around the world from more than 25 offices in nine countries. For more information, please visit guggenheimpartners.com.
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SOURCE Guggenheim Partners, LLC