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Cutwater Asset Management Announces Strategic Hire to Build out a Bank Loan Group

MBI
Cutwater Asset Management Announces Strategic Hire to Build out a Bank Loan Group

Cutwater Asset Management, a fixed income specialist serving the institutional marketplace, today announced that Alex Jackson has joined the company as Managing Director and Head of the Bank Loan Group. He has 22 years of experience in leveraged finance, of which the past 12 years have been as a bank loan portfolio manager, most recently as Deputy Chief Investment Officer and CLO portfolio manager at CIFC Corp. Prior to joining CIFC in 2005, Mr. Jackson served as a portfolio manager at J.H. Whitney & Company. He also spent the first portion of his career originating and structuring non-investment grade corporate loans at financial institutions including ING and National Westminster Bank. Mr. Jackson received his formal credit training at Comerica Bank and holds a B.A. in European History from Vanderbilt University, an M.I.A. from Columbia University, and an M.B.A. from the University of Texas at Austin.

Cliff Corso, Cutwater CEO and CIO, commented, “We are excited to announce the addition of Alex to the Cutwater team. Alex brings to Cutwater his deep experience in credit and bank loan management, and will work to expand our capabilities in leveraged loans and high yield as well as build out a related products suite, including CLO management and other varieties of bank loan portfolios. Cutwater has managed CDOs since 1998 and has been an active investor in structured products for nearly 20 years. The strategic move of bringing Alex on board builds on our established expertise in structured finance and CDO management, and demonstrates our steadfast commitment to our mission of providing the institutional marketplace with innovative solutions, strong and consistent risk-adjusted returns, and a full suite of products to meet their fixed income needs.”

About Cutwater

Cutwater Asset Management is a client-focused and solutions-based investment advisor focused exclusively on fixed income investments. Cutwater Asset Management is one of the largest institutional fixed income investment managers in the world. Cutwater’s model combines world-class investment expertise and risk management capabilities with exceptional client service, in-depth consultation, and extensive interaction between clients and the investment team. Our investment philosophy is focused on delivering consistent and superior risk-adjusted returns by taking a long-term view of the market and applying a counter-cyclical and forward-looking approach to capital allocation. For more information, please visit our website at www.cutwater.com.

Disclaimer

The information contained in this press release is intended solely for journalists and should not be relied upon by investors or any other persons to make financial decisions. All of the views expressed in this press release accurately reflect the personal views of the individual named. While opinions stated are honestly held, they are not guarantees and should not be relied on. The information or opinions provided should not be taken as specific advice on the merits of any investment decision. Actual returns are reduced by investment management fees. Investment involves risk, including the possible loss of principal. No assurance can be given that the performance objectives of a given strategy will be achieved. Past performance is not a guarantee of future results.

Forward-Looking Statements

This release includes statements that are not historical or current facts and are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “believe,” “anticipate,” “project,” “plan,” “expect,” “intend,” “will likely result,” “looking forward” or “will continue,” and similar expressions identify forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those presently anticipated or projected. These risks and uncertainties could affect financial performance or could cause actual results to differ materially from estimates contained in or underlying MBIA Inc.’s or Cutwater’s forward-looking statements and are discussed under the “Risk Factors” section in MBIA Inc.’s most recent Annual Report on Form 10-K, which may be updated or amended in the MBIA Inc.’s subsequent filings with the Securities and Exchange Commission. MBIA Inc. and Cutwater caution readers not to place undue reliance on any such forward-looking statements, which speak only to their respective dates. MBIA Inc. and Cutwater undertake no obligation to publicly correct or update any forward-looking statement if it later becomes aware that such result is not likely to be achieved.



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