Online loan investors are shifting to shorter duration paper as credit performance deteriorates and the uncertainty around the direction of the economy grows, panelists at IMN's ABS Tech conference said on Wednesday.
Driven by a cautious view of consumer health and the economy, Pier Asset Management CEO Jillian Murrish said that the firm is buying or trading consumer paper not at par, but only at discounts. This is especially true in the subprime category, which has been showing poorer performance
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