Aladdin Auctions Off $2.8 Bln In Ottimo Assets

01 Nov 2007

Aladdin Capital Management today finished auctioning off $2.8 billion in assets from its Ottimo Funding asset-backed commercial paper conduit

--Cathy Cunningham

Aladdin Capital Management today finished auctioning off $2.8 billion in assets from its Ottimo Funding asset-backed commercial paper conduit. Ottimo Funding was looking to get 96-98 cents on the dollar for the primarily AAA Alt-A residential mortgage-backed securities, according to market chatter. The final price achieved could ...

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