Portfolio

Credit Funds Look to Take Advantage of Great Dislocation

After the 2008 financial crisis, credit funds paid pennies on the dollar for fixed-income securities trading at distressed levels – then made a fortune as the market recovered. Now, to repeat the trick …

Government Buys AAA CLO New Issues, Pipeline Grows

Last Thursday’s action by the Federal Reserve included the reigniting of a collateralized loan obligation (CLO) buyback program, but with conditions …

More Funds Shorting CMBS Credit Stress as Long Investors Return

Investors that heeded the Canyon Partners Joshua Friedman’s suggestion to short commercial real estate (CRE) and hold cash last March on Bloomberg TV feel like they won the lottery today. The world’s …

Strategy in Focus: Seer and Semper Bullish on New Issue Securitizations

Absolute Return’s David Graubard recently sat down with Semper chief executive Greg Parsons and Seer’s co-chief investment officer and co-founder, Richard d’Albert, to discuss the structured credit …

$50bn Hedge Fund Ochs-Ziff Bets Big on Aircraft Lease

Ten months ago, Ochs-Ziff partnered with GE Capital Aviation Services, a dominant player in the global aircraft leasing business, in a $700m ABS freeing up cash by securitising leases on 24 planes to 16 airlines. Now, the New-York based hedge fund and asset manager has closed a repeat deal …

Arena Investors’ Niche Global Deals Bring Returns, Inflows

Daniel Zwirn can take a punch. In 2009, the multi-billion dollar credit hedge fund D.B. Zwirn imploded and closed due to the CFO’s “knowing misuse” of client funds. The firm returned all investor capital …

PRSA-NY Gala at Aureole Supports the Dress For Success Charity

Get your tickets today for an electrifying Holiday Party AND Silent Auction at 7:30 p.m. on Tuesday, November 27th at Aureole. During the Silent Auction, we will together raise funds and awareness, of Dress for Success’s incredible impact on the careers of low-income women …