Ellington Talks About Ameriquest Acquisition

Jan 11 2007 | 9:32am ET

Times are tough for sub-prime mortgage lenders, so the price may be right for hedge funds.

Ameriquest, one of the country’s largest sub-prime mortgage lenders, has engaged JPMorgan Securities to shop it to potential buyers, including to fixed-income hedge funds, according to Asset Securitization Report.

One of the potential buyers approached was Old Greenwich, Conn.-based residential mortgage bond hedge fund Ellington Capital Management. The New York Post reports that the JPMorgan bankers gauged the fund’s interest, but that Ellington hasn’t decided if it wants to move forward and receive an offering circular.

Ellington has some $4.5 billion in assets under management, two-thirds of which is in mortgage bonds.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...