ZAIS preps CLO business following MBS gains
By Rob Copeland
Thu Aug 15, 2013
Private equity vet Vin Ingato, others join as New Jersey firm expands on longer-locked credit.
ZAIS Group, the New Jersey structured credit manager, plans to start its own dedicated collateralized loan obligation (CLO) origination business later this year on the heels of strong performance for its existing mortgage hedge fund.
The 16-year old firm has hired Vin Ingato as a portfolio manager and managing director overseeing the new business. He was most recently managing director and portfolio manager overseeing $2.6 billion in CLO assets at private equity firm CVC Partners. He has since hired former Bloomberg senior analyst John Veidis,...
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