Nuveen Credit Strategies Income Fund has seen the firm’s head of structured credit, Himani Trivedi, appointed to the firm’s portfolio management team.
Trivedi is currently responsible for managing loans and investments in structured credit across Nuveen-managed collateralised loan obligations (CLOs) and various fixed income strategies. Effective immediately, Trivedi joins Scott Caraher, head of senior loans, and Kevin Lorenz, head of high yield, as portfolio managers.
Previously, Trivedi served as co-head of investments and head of structured credit at Nuveen affiliate Symphony Asset Management. She started at Nuveen under Symphony affiliate in 2004 on the convertibles desk, launched the CLO platform in 2005 and became co-portfolio manager for all CLOs in 2008.
Alongside the announcement, the fund has significantly broadened the potential allocation of its portfolio, expanding the capacity of collateralised loan obligations (CLO) debt from 0% to up to 25% and high yield corporate debt from 15% to up to 40%.
The fund will continue to invest a significant portion of its portfolio in senior loans, from 83% currently, to a potential 75%.
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