This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CIFC Announces The Hiring Of John Wu As Managing Director & Portfolio Manager Focusing On Structured Investments

Stocks in this article: DFR

NEW YORK, Dec. 20, 2012 /PRNewswire/ -- CIFC Corp. (NASDAQ: DFR) ("CIFC") today announced that John Wu has joined the firm as Managing Director and Portfolio Manager focusing on structured investments. Mr. Wu brings 16 years of financial industry experience with structured products expertise, particularly in structured credit and collateralized loan obligations ("CLOs").

(Logo: )

"We are delighted for John to join CIFC.  John brings a strong structured products background which complements our highly experienced fundamentals-based credit team," said Steve Vaccaro, Chief Investment Officer.  "John will be instrumental in our structured credit investments, and a key part of our growth plan through his involvement in diversifying our credit platform."

"I am very excited to join CIFC," said Mr. Wu. "CLOs continue to offer a compelling risk-adjusted return and current yield using portfolios that comprise primarily of senior secured loans.  As one of the largest issuers of CLOs in 2012, CIFC is well positioned to meet the increasing investor demand for such solutions in 2013. CIFC's strong credit culture and focus on delivering value to investors across multiple products and investment solutions drew me to the firm.  I look forward to being part of its future as CIFC continues to leverage its proven credit expertise in new ways and grow its platform." 

Prior to joining CIFC, Mr. Wu was head of CLO structuring at UBS.  Prior to joining UBS in 2011, Mr. Wu ran asset side new product development at China International Capital Corporation (CICC), a major Chinese investment bank.  Previously, Mr. Wu spent 7 years at Deutsche Bank from 2003 to 2010, covering CLOs and other structured products.  He had various roles at Deutsche Bank in both structuring and trading.  Mr. Wu began his investing career at Sanford Bernstein in 1995 and worked in the Credit Derivatives group at Goldman Sachs from 2000 to 2003.  Mr. Wu holds an MBA from the MIT Sloan School of Management and a B.S. in electrical engineering and computer science from Yale University.

About CIFC

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs