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
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...