Omni Readies Property Loan Fund

Feb 3 2014 | 3:59pm ET

Hedge fund Omni Partners is getting into the real-estate lending business.

The London-based firm is set to launch its first property-lending fund, Financial News reports, three months after bringing origination platform Capital Bridging Finance in-house.

The new fund will made shorter-term loans in the U.K., on both commercial and residential properties. The loans—which will charge interest rates of between 8% and 24%—will have a maximum duration of 18 months.

Omni plans to seek out opportunities with loan-to-value ratios of up to 70%, according to FN.

The fund will offer "the benefit of the inverted yield curve in assets," an Omni spokesman told FN. "Clients will receive a higher return for less duration risk."

Capital Bridging had been seeded by Omni founder Steve Clark.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...