Money manager Anthelion Capital Partners had an unusually concentrated position in loans of now-bankrupt car-parts supplier First Brands, a blow for an investor that had touted the ability of its AI-driven platform to pick up on subtle market signals.
Anthelion, as of last month, owned about $5 million of First Brands debt as part of a roughly $400 millionBloomberg Terminal investment vehicle known as a collateralized loan obligation, according to people familiar with the matter. Since then, the company has fully sold out of its position in First Brands’ debt, the people said.
AI-Powered CLO Investor Built an Outsized First Brands Position
