Angel Oak Capital Advisors, LLC ("Angel Oak"), announces that Namit Sinha, who served as co-CIO overseeing the firm’s private strategies, has been named CIO of Angel Oak Capital where he will lead the firm’s public and private investment strategies alongside Angel Oak Capital Co-CEO and Group CIO Sreeni Prabhu. In tandem, Senior Portfolio Manager, Clayton Triick, CFA, will move to Head of Portfolio Management of Public Strategies. Both Mr. Triick and Mr. Sinha’s promotions will become effective March 31, 2024.

Mr. Sinha has served as the Chief Investment Officer of the firm’s private strategies division since February 2020 and has more than 20 years of experience in fixed income products, specifically mortgage and structured credit. Since joining the firm in 2018 from Canyon Partners, he has been a key member of Angel Oak’s investment team, executing innovative strategies for its institutional client-base as well as growing the firm’s securitization platform into one of the most well-regarded in the industry. He will continue to report to Mr. Prabhu.

"Namit will serve as an excellent CIO for Angel Oak Capital Advisors and brings valuable insight from the private strategies side that will be instrumental in leading the full investment management team and charting the investment landscape for 2024 and beyond," said Prabhu. "Our vision was to create a more integrated investment management platform where the best minds of Angel Oak can work together for the benefit of our clients and Namit will be exemplary in unlocking that potential."

With more than 12 years at Angel Oak, Mr. Triick’s promotion from Senior Portfolio Manager to Head of Portfolio Management for the firm’s public strategies is reflective of his success in executing on key growth strategies and contributions to the firm’s investment approach. Mr. Triick has served as a PM on the firm’s flagship Multi-Strategy Income Fund and was instrumental in managing RMBS within the fund since its inception. He conceived of and has been a PM on the Ultrashort Income Fund since 2018. In his new role, Triick will oversee the portfolio managers and analysts dedicated to the firm’s public strategies. He will also serve as a portfolio manager for all mutual funds, ETFs and interval funds. He will report to Mr. Sinha.

Sinha and Triick will be supported by 29 investment team members across the firm’s public and private strategies. The firm’s team-based investment approach it has employed since inception is well established and will remain in place. Prabhu will continue in his role as Group Chief Investment Officer, which he has held since the firm’s inception. Mr. Prabhu’s vision was instrumental in building the team-based approach with tenured experience across all asset classes and sectors in which the firm invests.

The portfolio management changes come after a year of success for Angel Oak in navigating market conditions, while delivering on key growth initiatives set forth by the firm. This includes milestone achievements for their ETF platform, with both of the firm’s ETFs, the Angel Oak Ultrashort Income ETF (NYSE: UYLD) and the Angel Oak Income ETF(NYSE: CARY) growing to approximately $113MM and $103MM, respectively. Including the firm’s sub advisory services, Angel Oak’s ETF platform rose to approximately $350MM in assets since inception in November of 2022.

The organizational changes are in preparation for the planned departures of Sam Dunlap, who has served as co-CIO overseeing public strategies, and Senior Portfolio Manager, Colin McBurnette. Both Dunlap and McBurnette will be leaving Angel Oak in the second half of 2024. Angel Oak will work closely with Dunlap and McBurnette to execute on a successful and collaborative transition.

"We’re extremely appreciative of Sam’s and Colin’s dedication to growing Angel Oak for more than a decade, as they’ve helped turn Angel Oak into a global leader in structured credit solutions," said Prabhu. "The transition period will ensure continuity in our investment process and client experience, and we are excited for what the future holds for our firm as we continue to deliver on our investment objectives for clients and deliver new and innovative investment strategies."