Wednesday, 17 September 2014
Last updated 1 hour ago
Aug 20 2008 | 1:38pm ET
Macquarie has launched a A$1 billion fund to invest in residential mortgage-backed securities in Australia.
The Debt Market Opportunity Fund buys investment-grade bundled mortgages Down Under. Macquarie plans to increase the size of the fund to as much as A$10 billion over the next few years.
“There are many, many differences between the Australian sectors and the U.S. mortgage markets,” Dean Stewart, divisional director of Macquarie Funds Management, told The Australian. “There are different regulatory regimes and recourse rules to the lenders in the U.S.”
He added that the firm has received interest from “some very large investors” in the new fund.
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…
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