Cerberus Unveils Commercial Mortgage Fund

Oct 29 2013 | 7:48am ET

Cerberus Capital Management has launched a new commercial mortgage-backed securities hedge fund.

The New York-based alternative investments giants rolled out the CMBS Opportunities Fund on Oct. 7, seeking to take advantage of the growing market in commercial mortgage debt, Bloomberg News reports. CMBS issuance is likely to double this year, according to Credit Suisse Group.

The "new issuance market has grown steadily since 2009, with 2013 issuance ahead of last year's pace," Cerberus wrote in a letter to investors.

The new fund is managed by Ross Feldman, Kyle Schneider, Scott Stelzer and Matthew Waldenberg. The team, led by Stelzer, head of commercial mortgage trading at Cerberus, joined the firm in 2008.

CMBS Opportunities trades senior and subordinated mortgage-backed securities, interest-only securities, collateralized debt obligations and mezzanine loans.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...