Marble Point appoints Sherman as global director of strategic development

Marble Point Credit Management LLC has appointed Bob Sherman as global director of strategic development, a newly created position.

In this role, Sherman's mandate will be to expand Marble Point's existing $6 billion loan investment platform by defining, developing and distributing additional investment products and solutions to the institutional investment community.

The firm is building an institutional track record in bank loan management through separately managed accounts, or SMAs. These SMAs utilize the same bottom up fundamental research approach that the firm uses in collateralized loan obligation management, with some modifications to the portfolio guidelines that reflect the client's risk profile. Sherman will work with the investment team at defining the appropriate modifications to the CLO strategy that are necessary for success in other related strategies.

The firm is a frequent issuer of CLOs, issuing three in 2020, the most recent being Marble Point CLO XIX in December. The CLO platform will remain the principal engine of Marble Point Credit Management.

Most recently, Sherman was the chief operating officer at Shenkman Capital. Previously, he served as head of consultant relations at GoldenTree Asset Management and chief executive officer of Seix Advisors.

Headquartered in Greenwich, Conn., Marble Point was founded in 2016 by Tom Shandell and Eagle Point Credit Management LLC.