Wednesday, 27 August 2014
Last updated 1 hour ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...