James Caird targets the US residential mortgage-backed securities market with new private equity-style vehicle
Thu Oct 21, 2010
JCAM Mortgage Opportunities Fund aims to provide good cashflow and returns, while factoring in a possible reversal of the US housing market
James Caird Asset Management, the $2.5 billion
multi-strategy credit and equity hedge fund group led by Tim
Leslie that span out from Moore Capital in 2008, is launching
its second private equity-style vehicle targeting specific
opportunities in the global credit markets.
The new JCAM Mortgage Opportunities Fund, which will launch
in November, will invest in a highly specific portfolio of US
residential mortgage-backed securities with the overall aim of
providing an investment that should produce excellent cashflows
and returns for investors - while also benefitting in the event
that the recovery of...
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