NEW YORK--(BUSINESS WIRE)-- On February 22, 2018, Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) announced that the Board of Directors approved the appointment of Leland Hart and Hiram Hamilton as primary portfolio managers for the Fund. Messrs. Hart and Hamilton will manage the Fund with the Fund's current primary portfolio managers, Chris Barris and Kevin Cronk. Messrs. Barris, Cronk, Hart and Hamilton will be jointly and primarily responsible for managing the Fund's portfolio. The Dreyfus Corporation ("Dreyfus") continues to be the investment adviser for the Fund and Alcentra NY, LLC ("Alcentra"), an affiliate of Dreyfus, continues to be the sub-investment adviser for the Fund.
Mr. Hart joined Alcentra in January 2018 as Managing Director and Head of U.S. Loans and High Yield. He joined Alcentra from BlackRock Asset Management, where he was a Managing Director, having joined in 2009.
Mr. Hamilton is a Managing Director and Global Head of Structured Credit at Alcentra, which he joined in September 2017 from Alcentra Limited, where he was employed since 2008. Alcentra Limited is an affiliate of Alcentra and Dreyfus and, along with Alcentra, is a subsidiary of BNY Alcentra Group Holdings, Inc. Mr. Hamilton serves as the portfolio manager for Alcentra's structured credit investment funds, overseeing approximately $4 billion of investments in structured products, with a particular focus on CLO investments, across Alcentra's funds.
Messrs. Barris and Cronk have been the primary portfolio managers of the Fund since its inception in October 2017 and each of them joined Alcentra in January 2013. Mr. Barris is Global Head of High Yield and Deputy Chief Investment Officer at Alcentra. Mr. Cronk is a Managing Director and Head of U.S. Credit at Alcentra.
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Source: Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc.