US hedge fund sponsors new Alba UK RMBS

By Tom Porter
09 Apr 2015

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

Davidson Kempner Capital Management, a $22bn hedge fund, has been inferred as the sponsor from public deal documents of Alba 2015-1, a £265.47m UK non-conforming RMBS which refinances the portfolio securitized in Alba 2013-1.

Lead manager Credit Suisse is taking investor meetings this week, with execution slated for ...

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