About us

Fair Oaks Capital

Fair Oaks Capital is a specialist corporate credit investment manager and advisor, launched in 2013. The firm's core expertise is in CLOs and secured loans. Current AUM of the Firm stands at $3 billion (as at July 2024). Fair Oaks Capital seeks to generate attractive risk-adjusted returns in corporate credit markets by leveraging its in-depth research expertise and experience across credit products. The Firm is proud of its performance-driven approach, strong track record and long-term alignment of interest with investors. For more information please visit www.fairoakscap.com

Leadership team

MIGUEL

Miguel Ramos Fuentenebro

Co-founder and Partner

Prior to founding Fair Oaks, Mr. Ramos was a Managing Director of GSO Capital Partners (“GSO”), part of the Blackstone Group. Prior to joining GSO in June 2008, Mr. Ramos was the founding partner of Washington Square Investment Management Limited (“Washington Square”), a specialist credit investment manager responsible for, among others, the launch of Carador Income Fund Plc (‘‘Carador’’) in 2006, one of the first London-listed credit investment companies. Prior to founding Washington Square, Mr. Ramos spent over nine years at Morgan Stanley (London) in their Fixed Income Division where he specialized in high yield cash and derivative products. He holds a BSc. (Honors) in Economics from Universidad Pontificia Comillas (ICADE), Madrid, Spain and a MSc. (Econ) in Accounting and Finance from the London School of Economics and Political Science.

ROGER

Roger Coyle

Co-founder and Partner

Prior to founding Fair Oaks, Mr. Coyle was a Principal at GSO where he was a senior credit analyst and the Portfolio Manager for GSO/Blackstone’s eight London-based CLO funds with assets of over c.€3 billion. Prior to joining Blackstone in 2006, Mr. Coyle spent two years at Fitch Ratings as a Director in the Leveraged Finance Group where he was responsible for assigning public and private credit ratings to leveraged loans and high yield bonds and publishing research on the leveraged finance market. Mr. Coyle began his career at JPMorgan where he spent six years (1995 to 2001) working in the Mergers & Acquisitions, Financial Sponsor Coverage and Leveraged Finance groups. Mr. Coyle has a B.Comm International, a joint honors degree in Business and French, from University College Dublin.

Portfolio management team

MIGUEL

Miguel Ramos Fuentenebro

Co-founder and Partner

Prior to founding Fair Oaks, Mr. Coyle was a Principal at GSO where he was a senior credit analyst and the Portfolio Manager for GSO/Blackstone’s eight London-based CLO funds with assets of over c.€3 billion. Prior to joining Blackstone in 2006, Mr. Coyle spent two years at Fitch Ratings as a Director in the Leveraged Finance Group where he was responsible for assigning public and private credit ratings to leveraged loans and high yield bonds and publishing research on the leveraged finance market. Mr. Coyle began his career at JPMorgan where he spent six years (1995 to 2001) working in the Mergers & Acquisitions, Financial Sponsor Coverage and Leveraged Finance groups. Mr. Coyle has a B.Comm International, a joint honors degree in Business and French, from University College Dublin.

ROGER

Roger Coyle

Co-founder and Partner

Prior to founding Fair Oaks, Mr. Coyle was a Principal at GSO where he was a senior credit analyst and the Portfolio Manager for GSO/Blackstone’s eight London-based CLO funds with assets of over c.€3 billion. Prior to joining Blackstone in 2006, Mr. Coyle spent two years at Fitch Ratings as a Director in the Leveraged Finance Group where he was responsible for assigning public and private credit ratings to leveraged loans and high yield bonds and publishing research on the leveraged finance market. Mr. Coyle began his career at JPMorgan where he spent six years (1995 to 2001) working in the Mergers & Acquisitions, Financial Sponsor Coverage and Leveraged Finance groups. Mr. Coyle has a B.Comm International, a joint honors degree in Business and French, from University College Dublin.

About CLO ETF share class trading

1. ACCESS

A CLO ETF offers accessible exposure to floating-rate debt.

 

Historically CLOs have been a more difficult market for investors to gain exposure to, often limited to banks or pension funds to invest directly.

 

2. TRANSPARENCY

While the portfolio is actively traded, ETF holdings are regularly published with a full portfolio breakdown.

 

The Fair Oaks AAA CLO Fund offers investors access to an existing, high-quality, diversified portfolio. FAAA is compliant with the UCITS directive and diversification rules.

 

3. EFFICIENCY AND LIQUIDITY

CLO ETFs can provide diversification to fixed income portfolios without taking illiquidity risk.

 

The Fund offers investors the option to invest in either ETF or non-ETF share classes.  As listed classes, the ETF classes offer enhanced liquidity by enabling investors to quickly gain exposure to the CLO market and effectively rebalance portfolios as required.

FAAA CLO ETF
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Frequently asked questions

WHY LAUNCH A CLO ETF IN EUROPE
The Fair Oaks AAA CLO ETF is the industry’s first European-domiciled, Euro-denominated CLO. While the significant interest for CLO ETFs seen in the U.S. has predominately been in the AAA-rated CLO space, Fair Oaks is the first manager to bring a CLO ETF to Europe. Fair Oaks has the team and dedicated experience of managing and investing in CLOs across the ratings capital structure and knowledge of managing 100% CLO UCITS funds.
WHERE IS THE FAIR OAKS AAA CLO ETF AVAILABLE
The Fair Oaks AAA CLO ETF is listed in Germany on Deutsche Börse Xetra and the London Stock Exchange.

It will be registered for distribution to investors in a broad range of European countries, initially including Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Malta, Netherlands, Spain, Sweden and the UK.
HOW SHOULD CLO AAAs BE VIEWED WITHIN A PORTFOLIO
Fair Oaks believes CLO AAAs offer investors a unique combination of qualities compared to other available assets:

  1. No AAA-rated CLO has ever defaulted. This can give comfort to investors about its risk profile and speaks to its resilience through market cycles, as the first CLO was issued over 25 years ago.

  2. CLOs are floating rate, which means they also minimize any interest rate risk.

  3. CLOs offer a higher yield compared to many fixed income products, providing investors an attractive risk-adjusted return.

Contact us


    London
    Fair Oaks Capital Ltd, 1 Old Queen Street, London SW1H 9JA

     


    New York
    Fair Oaks Capital US LP, 152 West 57 Street, New York, NY 10019