10 May 2016 – Aurium CLO I Limited (“Aurium CLO I”), managed by Spire Partners LLP (“Spire”) has won Best New European CLO at the recent Creditflux Manager 2016 Awards Dinner.
Creditflux is a leading publisher of credit trading and investment industry news. It publishes daily intelligence and owns comprehensive databases of CLOs and credit fund returns. The awards recognise the very best within the credit space of the asset management industry, providing an impartial metric for evaluating a manager’s performance.
Aurium CLO I was one of four CLOs to be shortlisted for Creditflux’s Best New European CLO award from a universe of 36 CLOs with principally European collateral that went effective in 2015. More information on the methodology of the award can be found on Creditflux’s website (www.creditflux.com).
Commenting on the award, Oliver Drummond Smith, Partner, said “We are delighted to receive this award, especially given Creditflux’s objective methodology, and sole focus on data to highlight and reward fund performance. The quality of the other nominees demonstrates how highly the manager universe in Europe values this award. We are grateful to our investors and other market counterparties for their continued support.”
Closed in March 2015, Aurium CLO I was Spire’s inaugural CLO. It was the first actively managed European CLO raised by a new manager in 2015, and was the first European 2.0 CLO to include a turbo feature on the single-B rated Class F notes. The fund went effective in September 2015.
This award follows the announcement last month that Aurium CLO I was selected by GlobalCapital as the European CLO of the Year 2015.