Deutsche Asset Management named sub-investment advisor for Columbia CLOs

By Sara Rosenberg

New York, Jan. 25 - Deutsche Asset Management has been chosen as sub-investment advisor for the collateralized loan obligation vehicles for which Columbia Management, the primary asset management arm of Bank of America, and its affiliate, Flagship Capital Management, act as collateral investment manager, according to a company news release.

Deutsche Asset Management will have primary investment management responsibilities for six CLOs that represent about $2 billion of advisory assets as of Dec. 31.

The sub-advisory services will begin upon the completion of required notifications and receipt of all required approvals. Completion of this transition is expected to occur within the first quarter.

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