Wednesday, 26 November 2014
Last updated 15 min ago
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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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