Commercial mortgage-backed securities (CMBSs)
House of cards? The $3 trillion (non-systemic) real estate risk
Regional banks share the bulk of US commercial real estate exposure, but the sector’s downturn doesn’t faze them
At US banks, paper losses on HTM securities hit new high
Bank of America leads way as mortgage-backed securities drive aggregate rise in Q3
Some US banks defy yield uncertainty to grow AFS securities
Treasuries remain preferred buy, but regionals also pile into munis, MBS in Q2
Savers and funds grabbed MBSs as banks and Fed retreated
Central banks and commercial lenders became net sellers of bundled mortgages as rates rose, says BIS
Left out of Fed action, lower-rated CMBS overheat
BBB yield-to-worst spirals as highly-rated bonds recover after central bank and government intervention
US life insurers exposed to $130bn of CMBS
Majority of exposures are to senior tranches
Wells Fargo led top US banks on CMBS risk in 2019
Commercial mortgage-backed securitisations are struggling amid Covid-19 crisis
Wells Fargo swells MBS trading portfolio
San Francisco-based dealer grows allocation by $11 billion from end-2016
Lord Abbett turns to Deutsche for CDSs
German lender increases share of fund's CDS portfolio
Fed’s Powell: Libor death is ‘big stability risk’
Speaking to Risk.net, Fed chair nominee flags Libor dangers for FRNs, loans and other products
CME set to clear CMBX index swaps
Product to clear next year amid fears of falling liquidity from new non-cleared margin requirements
Banks seek clarity on risk retention capital charges
CMBS issuers in dark about how much capital to hold against risk retention exposures
Compliance burden jeopardises EU securitisation revival
Parliamentary rapporteur undermines STS with investor due diligence plan
Fixed income and event driven Americas winners announced
Deer Park, Pyrrho, PSAM, TSAF and Venor tell their stories
Marathon: expand hedge fund role in Europe's capital markets
Hedge funds to follow US model by taking on bank risks
Positive MBS momentum from R&W settlement trades
Legacy non-agency market benefits from anticipated payouts
Lat Am hedge funds face disappointment
While hedge funds focused on Latin America are on course to underperform, Japan is a bright spot in the hedge fund universe
400 Capital Credit Opportunities Fund: 400 Capital Management
Americas Awards 2013
Prosiris Global Opportunities Fund: Prosiris Capital Management
Independent thinker
Mortgage hedge funds refine focus after bumper 2012
Finer focus needed
Ex-Citadel managing director's structured credit hedge fund secures seed deal
Grosvenor Capital Management has committed $85 million in seed capital for a structured credit hedge fund started by a group of former Citadel executives.