Auto ABS No Longer Juicy Enough For Hedge Funds

Hedge funds are cooling on auto asset-backed securities as yields even down to the junior piece of the capital structure are providing little juice.

  • 09 Mar 2011

-- Daniel O’Leary

Hedge funds are cooling on auto asset-backed securities as yields even down to the junior piece of the capital structure are providing little juice. Syndication officials have told TS hedge funds were buyers of mezzanine and junior tranches of auto ABS when spreads were wider after ...

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1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
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