Distressed-Debt Manager Unloads Two-Thirds Of ABS

24 Mar 2011

MKP Capital, a distressed-debt fund manager, is said to have sold off roughly two-thirds of its portfolio of asset-backed securities last week.

MKP Capital, a distressed-debt fund manager, is said to have sold off roughly two-thirds of its portfolio of asset-backed securities last week. Sources said MKP follows trading strategies that allow it to liquidate to cash during market turmoil, which is triggered by a certain percentage of losses. The ...

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