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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...