Bay Area Firm Launches Auto-Loan Hedge Fund
Mar 20 2009 | 2:00am ET
A San Francisco-based hedge fund is betting on the recession and what it expects will be a concomitant drop in auto-loan default rates to jumpstart its new asset-backed securities hedge fund.
Levenstein Vaceva & Co. has launched its Mongoose Income Fund, which will focus on sub-prime auto loans.
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