Benjamin Chung

Senior Portfolio Administrator at Octagon Credit Investors LLC

Benjamin Chung

Benjamin Chung

Senior Portfolio Administrator at Octagon Credit Investors LLC

Biography

Mr. Chung joined Octagon in 2010. He is responsible for all administrative activities relating to settling loan and bond trades for Octagon?s funds. Prior to joining Octagon, Mr. Chung was a Floater / Senior Portfolio Administrator at US Bank Corporate Trust. Prior to US Bank, he worked at State Street Corporation as a Portfolio Administrator.Mr. Chung holds a B.S. in Finance from University of Massachusetts.

Overview
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Co-Founder at Octagon Credit Investors LLC

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Chief Financial & Administrative Officer at Octagon Credit Investors LLC

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Head, Business & Product Development at Octagon Credit Investors LLC

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Head of Research at Octagon Credit Investors LLC

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Head, Investor & Business Relations at Octagon Credit Investors LLC

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Head of Trading & Capital Markets at Octagon Credit Investors LLC

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Managing Director of Portfolio Administration at Octagon Credit Investors LLC

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Director, Portfolio Administration at Octagon Credit Investors LLC

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Principal at Octagon Credit Investors LLC

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Principal at Octagon Credit Investors LLC

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Benjamin Chung
Senior Portfolio Administrator at Octagon Credit Investors LLC
Education

UMass Amherst, the flagship campus of the University of Massachusetts system, sits on nearly 1,450-acres in the scenic Pioneer Valley of Western Massachusetts, 90 miles from Boston and 175 miles from New York City. The campus provides a rich cultural environment in a rural setting close to major urban centers.

Career History
Senior Portfolio Administrator
Current

Octagon Credit Investors manages leveraged loans and high yield bonds across various CLOs, a credit opportunity fund and warehouse facilities. The firm's asset selection process is based on fundamental credit analysis and collaborative input from all members of the firm. They target an improving credit profile over a 3-year time frame for loans and over a 3 to 6 month time frame for bonds. Octagon focuses on large corporate debt issuers with ratings of B2/B or higher. The firm seeks to identify investment opportunities in both the primary and secondary credit markets.^^The firm focuses on higher quality below investment grade credits. They seek attractive returns through leverage inherent in the Funds structures and not through excessive credit risk in the underlying assets. While the composition of each Fund varies, approximately 50% of each Fund's assets are rated B1 or Ba3 by Moody's. Asset target hold levels are weighted by internal credit ratings and the asset's position in the capital structure. Octagon capital maintains a high level of issuer diversification. Within each Fund, single credit exposure is generally limited to 1.5% of the total Fund. Assets identified by the firm as CreditWatch are monitored closely and changes to each asset's risk profile and outlook are documented. All assets are subject to regular reevaluation of their investment theses and risk-return profiles.

Professional
Prior

State Street Corp. operates as a financial holding company. It conducts business primarily through State Street Bank. The company operates through following business lines: Investment Servicing and Investment Management. The Investment Servicing business offers custody, product and participant-level accounting, daily pricing and administration, master trust and master custody, record-keeping, cash management, foreign exchange, brokerage and other trading services, securities finance, deposit and short-term investment facilities, loans and lease financing, investment manager and alternative investment manager operations outsourcing, and performance, risk and compliance analytics. The Investment Management business provides services through State Street Global Advisors, which provides a broad array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors. It offers strategies for managing financial assets, including passive and active, such as enhanced indexing, using quantitative and fundamental methods for both the U.S. and global equities and fixed-income securities. The company was founded in 1969 and is headquartered in Boston, MA.

Other Affiliations

Benjamin Chung is affiliated with Octagon Credit Investors LLC, State Street Corporation

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