CIFC names senior PM for structured products

Robert Klein previously led Prospect Capital’s CLO strategy.

CIFC has hired Robert Klein as a senior portfolio manager and managing director for structured products. In this role, he will lead the firm's structured products portfolios and report to co-presidents Oliver Wriedt and Steve Vaccaro. Klein will also join the firm's operating committee. 

Klein joins from Prospect Capital Management, where he was the lead portfolio manager for the firm's CLO investments.   

“Robert brings a wealth of experience to CIFC and further strengthens our structured products platform,” said Vaccaro, who is also serves as CIFC’s chief investment officer. “We have worked closely with him for many years and are very pleased to have him on our team.” 

“CIFC was one of the first collateral managers that we invested with as I started the CLO business at Prospect, so I have known Oliver, Steve and their team for many years now. I look forward to leading the fundraising and investing efforts for CIFC's structured products portfolios,” commented Klein.  

Prior to founding the CLO business at Prospect, Klein worked at American Capital, where he was a managing director and led the New York private equity and financial sponsor lending teams, leading debt and equity investments. Before American Capital, he worked at American Securities and American Industrial Partners, both mid-market private equity firms. Klein began his career in the mergers and acquisitions groups of First Boston and Morgan Stanley. 

CIFC is a fundamentals-based, relative-value credit manager investing across CLOs, structured credit and total return portfolios. The firm is headquartered in New York and publicly listed on the NASDAQ stock exchange. CIFC has approximately $14 billion in assets under management.