The Big Picture
CMBS Markets Show Signs of Life in 2012: Distressed Legacy Bonds Entice
In early 2011, the commercial mortgage-backed securities (CMBS) market started to see increasing investor interest, with the new origination market coming back online after two years of little or no activity following the credit market collapse. More conservative, less leveraged …
Mitchell Sabshon: CRE Outlook Brightens, but Day of Reckoning Lies Ahead
As a commercial real estate (CRE) industry veteran, Mitchell Sabshon, current COO at Cole Real Estate Investments and former President and CEO of Goldman Sachs Commercial Mortgage Capital, has lived through the booms and busts. In this exclusive interview with …
CMBS Market Reawakens Slowly: Distressed Debt Offers Opportunity
David Rabin and David Blum oversee the private real estate portfolios at URDANG Capital Management, Inc., the institutional real estate investment boutique of $1.25 trillion BNY Mellon Asset Management. In this interview with Alchemy contributing writer Andrew Barber, these real …
Hedge Funds Await Euro Bank Crisis Opportunities
This article went to press prior to the European Union’s October 27, 2011, announcement of a plan to manage Europe’s debt crisis. The debt crisis in Europe presents a plethora of trading opportunities for hedge funds —distressed assets, short positions, …
Jim O’Neill: Growth Economies Have Emerged and Are Assuming the Driver’s Seat
According to Jim O’Neill, Chairman of Goldman Sachs Asset Management, the developed world’s financial woes are allowing emerging market countries to assert their roles in the global economy. Here he discusses with Alchemy contributing writer Tony McAuley how this changes …
U.S. Hedge Funds Head for Overseas Investors
In July 2011, the newest round of European Union economic integration regulations will take effect and may well expand the sales and marketing capabilities of U.S.-based hedge funds to a truly global scope. The new regs, Undertakings for Collective Investment …
SEC Enforcers Eye Valuation of Illiquid Assets
Hedge fund managers can add one more item to the list of things that keep them awake at night: documenting their methods for valuing illiquid assets well enough to avoid a U.S. Securities and Exchange Commission investigation. Under expanded powers …
Randall Kroszner: Housing Recovery Hinges on Mortgage and Securitization Reforms
Randall S. Kroszner, Ph.D., is Norman R. Bobins Professor of Economics at The University of Chicago Booth School of Business and was a Governor of the Federal Reserve System from 2006 to 2009. In this exclusive interview with Alchemy contributing …
Seeking Closure: Foreclosures May Slow, but Improvement Seems Far Off
While signals of recovery in many economic sectors helped restore confidence in the U.S. stock markets in the second half of 2010, the foreclosure crisis enters its fourth year. The end of home purchase tax incentives curtailed buying, and the …
