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

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.