FrontPoint hires managers to launch ABS Fund

Fri Jan 11, 2008



FrontPoint Partners has hired an investment team from mortgage investment company C-Bass to launch an asset-backed securities (ABS) strategy in the first half of the year. The firm aims to raise at least $500 million in assets for the fund.

The new long/short ABS fund will focus on residential mortgage credit, especially distressed subprime and alt-A mortgage opportunities in the near term. The fund will invest in a diverse range...

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