Barings lands Standard Chartered CLO mandate

Barings has been appointed to manage a new collateralised loan obligation (CLO) sub-fund launched by Standard Chartered.

The banking group’s sub-fund, named Signature Select Quality Credit Income, will provide investors with exposure to investment grade CLO tranches.

The sub-fund has been launched under the bank’s Variable Capital Company (VCC) platform, with $470bn (£350.5bn) asset manager Barings acting as sub-investment manager.

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“Through our partnership with Barings, we are leveraging their investment expertise to provide our clients with well-structured institutional-quality strategies, as they look to strengthen and diversify their portfolio,” said Sumeet Bhambri, global head, advisory and managed investments, wealth solutions at Standard Chartered.

The sub-fund is available to Standard Chartered’s high-net-worth clients based in Hong Kong, Singapore, Taiwan, the UAE and Bahrain. The bank said it plans to roll out the fund in other markets in the coming months.

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“We are honoured to partner with Standard Chartered to launch the investment grade CLO strategy on its VCC platform,” said Melissa Ricco, head of structured credit at Barings. “This collaboration enables investors to pursue a high-quality solution providing income-oriented exposure across market cycles. With over 25 years of experience and $50+bn in CLO assets under management, Barings is a global leader in CLOs, with a solid track record of both investing in CLOs and managing over 100 CLOs across the US and Europe.”

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