Thursday, 18 September 2014
Last updated 1 hour ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.