CIFC Asset Management Announces the Hiring of Stan Sokolowski as a Senior Portfolio Manager and Head of Corporate Credit Fund...

NEW YORK, Oct. 9, 2012 /PRNewswire/ -- CIFC Corp. (NASDAQ: DFR) ("CIFC") today announced that Stan Sokolowski has joined the Firm as a Senior Portfolio Manager and Head of Corporate Credit Funds Management. Mr. Sokolowski brings 21 years of credit, portfolio management and trading experience, having invested across the credit spectrum of high yield, loans, stressed and distressed situations.

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Prior to joining CIFC, Mr. Sokolowski was a portfolio manager with Lucidus Capital Partners, a credit trading firm that was spun out of Caxton Associates in 2011.  Preceding Lucidus, Mr. Sokolowski was a credit portfolio manager and trader at Caxton.  Prior to joining Caxton in 2006, Mr. Sokolowski was a Managing Director with JPMorgan where he founded and managed the European par and distressed loan trading business in London. 

"We are delighted to have Stan complement our highly experienced team given his proven ability to express risk agnostically across capital structure through fundamental credit analysis and understanding of macro, rates, inflation, and hedging," said Steve Vaccaro, Chief Investment Officer.  "Stan shares a common lineage with us and will be a key part of our expansion as a diversified, alternative credit manager." 

"I am very excited to join CIFC and be a part of its future," said Mr. Sokolowski. "I was attracted to the Firm given its cohesive investment and management team, proven investment model, differentiated sourcing, and institutionalized credit infrastructure. Credit strategies continue to provide investors disproportionate returns relative to risk. Our goal will be to serve as an extension of investors' resources as it relates to liquid and illiquid credit space through creation of bespoke and co-mingled solutions, which allow investors access to our platform".

Stan joined Manufacturers Hanover in 1991 and completed Chemical Bank's MBA Capital Markets and Credit Training Program in 1994.  He held various positions in New York and London throughout the Capital Markets, Sales and Trading, Investment Banking and Emerging Markets businesses of JPMorgan's predecessor organizations.  Mr. Sokolowski holds a B.A. in Finance from Michigan State University.

About CIFC

Founded in 2005, CIFC Asset Management (the "Firm" or "CIFC") is a fundamentals based, relative value credit manager with $10.1bn under management as of June 30, 2012.  Our senior management team averages 30 years of credit experience in having managed credit businesses in every cycle since the 1980's. 

Headquartered in New York, CIFC is a SEC registered investment advisor and a publicly traded company (NYSE: DFR). We currently serve over 200 institutional investors globally in providing access to the credit space. CIFC's primary shareholders include Charlesbank Capital, Columbus Nova, GE Capital, CIFC management as well as public shareholders. For more information, please visit CIFC's website at www.cifc.com.

Certain statements in this press release are forward-looking statements, as permitted by the Private Securities Litigation Reform Act of 1995. These include statements regarding future results or expectations. Forward-looking statements can be identified by forward-looking language, including words such as "believes," "anticipates," "expects," "estimates," "intends," "may," "plans," "projects," "will" and similar expressions, or the negative of these words. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made, various operating assumptions and predictions as to future facts and conditions, which may be difficult to accurately make and involve the assessment of events beyond CIFC's or GE Capital's control. Caution must be exercised in relying on forward-looking statements.  The forward-looking statements contained in this press release are made as of the date hereof, and neither CIFC nor GE Capital undertakes any obligation to update any forward-looking statement to reflect subsequent events, new information or circumstances arising after the date hereof.

SOURCE CIFC Corp.

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