LONDON--(BUSINESS WIRE)--Napier Park Global Capital, a global alternative asset management firm, announced today that it has been named 2013 Credit Manager of the Year by EuroHedge, based on the performance of its European Credit Opportunities fund.
The award recognizes the best risk-adjusted performance of a fund by comparing the net return and Sharpe ratio of all nominated funds in the category over the course of 2013. This is the second consecutive year that the manager has won the award.
The European credit team at Napier Park Global Capital, led by Michael Micko, has a strong track record in European high yield, leveraged loans, mezzanine, distressed and CLO markets. “It is an honor to have won this award for the second time running, especially considering the calibre of managers in this category,” Micko said. “I wish to acknowledge the commitment and dedication of my entire team.”
In addition to the USD 345 million flagship European Credit Opportunities fund, which has operated since September 2010, the team also manages separate accounts in Europe investing in European high yield, leveraged loan, mezzanine, and CLO markets, including stressed and dislocated opportunities within those markets. These strategies strive to provide clients with credit solutions specifically designed to meet their respective investment objectives.
About Napier Park Global Capital
Napier Park Global Capital is an independent alternative asset management firm that manages approximately USD 6 billion as of December 1, 2013. The firm offers a diversified product mix including hedge funds, bespoke client solutions, private investments, CLOs and structured credit to large, sophisticated institutional investors. Napier Park Global Capital has offices in New York, London, Switzerland and Dubai. For more information visit www.napierparkglobal.com.