Highland Capital Management affiliate Acis Capital Management was recognized at the 2017 Creditflux Credit Symposium & Manager Awards on May 3 in London. Acis won the Best CLO Fund award for Acis Loan Funding (ALF), which invests in CLO debt and equity.
The Best CLO Fund award was given to the fund with the best volatility-adjusted weighted performance, a measure that combined absolute change in mark-to-market net asset value during 2016 and volatility relevant to each fund’s redemption profile. To be eligible, funds must invest predominantly in CLOs and must be present in Creditflux’s monthly performance listings.
Hunter Covitz, managing director and portfolio manager, and Neil Desai, portfolio manager, accepted the award.
This is the second time in three years that a fund managed by Acis has received the Best CLO Fund award.
The Highland Loan Fund, a credit hedge fund managed by Highland Capital Management, was named as a finalist for the Best US High-Yield Fund award.