Man Group sets sail with Pemba into credit

RMF's European leveraged finance team now goes by another name, swapping the acronymically rich Man Group divisions' monickers for the name of an island in the Zanzibar archipelago, writes David Walker

Man Investments has launched Pemba Credit Advisers, an asset manager specialising in European credit portfolios as Pemba's management team finishes pricing their fifth collateralised-loan obligation (CLO).

The 20-strong team at Pemba were originally RMF Investment Management's European leveraged finance team, and Pemba has been made independent from RMF Investment Management. Pemba will continue to be part of Man Investments and be headquartered in Pfäffikon.

Pemba already has $2.3bn in assets

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