NEW YORK, June 15, 2015 /PRNewswire/ -- TIG Advisors, LLC and its securitized asset strategy (TSAF) won an award for Best ABS Fund for 2014 at the GlobalCapital's US Securitization Awards Dinner on June 10, 2015 at the Pierre Hotel in New York City. The award was determined by an industry wide poll in which over 80 different firms in the securitization industry participated. "We are honored to be recognized for the second year in a row. The award is particularly gratifying in that we were chosen by our peers and counterparties in the industry. None of this could have been achieved without the contributions of our team members and the support of the dealer community," said Stuart Lippman, chief investment officer and co-founder of the strategy at TIG. "TSAF's performance is a testament to our team's ability to identify asymmetric opportunities, quickly enter and exit such opportunities, and use proprietary analytics to identify broader themes," said David Liu, chief strategist and co-founder of the strategy. "We will continue to strive to provide our investors long-term value by taking advantage of market dislocations within the structured credit markets."
TSAF was launched with $50MM on October 1, 2012. Today, the combined AUM of TIG's structured credit strategy is approaching $1B. The growth in AUM was driven by steady inflows and strategy performance.
The TSAF team welcomes newest member - on June 1, Nirjhar Jain joined the TIG team as a Senior Portfolio Manager with primary focus on the CLO market. Most recently, Mr. Jain was a Managing Partner at Plus Funding Group, a specialty finance company that he co-founded and built. Prior to that, he was Head of US Securitized Credit Trading at Morgan Stanley. Mr. Jain also spent six years at Deutsche Bank where he traded various products including European Securitized Credit, ABX, Consumer ABS and CLOs. He started his career at Lehman Brothers on the CLO Trading desk.
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SOURCE TIG Advisors, LLC