US distressed investor is sponsor of new Alba

By Owen Sanderson
08 Apr 2015

A US-based distressed debt hedge fund is thought to be the sponsor of the new Alba UK non-conforming RMBS.

Davidson Kempner Capital Management, a $22bn hedge fund, is the sponsor of Alba 2015-1, a £265.47m UK non-conforming RMBS which refinances the portfolio securitized in Alba 2013-1.

The seller of the deal is a private Irish shell company, Ertow Holding. However, one of Ertow’s directors is Conor ...

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