Luxembourg-based investment advisory firm Alumia has announced a partnership with CIFC Asset Management, an alternative credit specialist headquartered in Miami.
The collaboration aims to deliver credit strategies to investors across Europe, leveraging CIFC’s expertise in areas such as collateralised loan obligations (CLOs), structured credit, and private credit.
CIFC, which manages 43 billion dollars in assets globally, focuses on credit markets, combining research capabilities with a focus on risk-adjusted returns. Through this partnership, CIFC’s credit strategies, including Global Floating Rate Credit and Long/Short Credit, will be distributed by Alumia in Luxembourg, Belgium, France, Switzerland, and the Netherlands.
David Saab, CEO of Alumia, described the partnership as well-timed given the challenges of the current interest rate environment. “Our collaboration with CIFC comes at a pivotal time as we navigate a new interest rate cycle,” he said in a press release.
Steve Vaccaro, CEO of CIFC, noted the opportunity to strengthen CIFC’s European presence and bring its strategies to a new group of investors.
Alumia provides investment advice to family offices, pension funds, and institutional investors. In partnership with Frankfurt-based Universal-Investment Group, Alumia works to deliver financial solutions for its clients.
Founded in 2005, CIFC manages credit-focused strategies for investors globally. With offices in Miami, New York, Philadelphia, and London, the firm continues to expand its reach in credit markets, focusing on corporate loans, direct lending, and structured credit.