Oxford’s Mortgage Hedge Fund To Buy $40 Million In New Properties

Dec 8 2008 | 12:32pm ET

Oxford Funding Corp. has signed a letter of intent to buy up $40 million in new properties for its hedge fund. The assets are being acquired from ARCOA Capital Partners, a Houston-based investment company.

CEO Ron Redd said the firm expects this deal to be the first step in a series of asset acquisitions over the next several months for The Oxford Opportunistic Mortgage Fund. “This is a big step forward in our plan to build value for our shareholders by acquiring assets at attractive values and managing them to realize profits,” said Redd.

Oxford acquires mortgage portfolios from banks, mortgage companies, and lenders; restructures and services the loans; and then re-packages the loans for resale.


In Depth

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...