Hedge fund makes bold bid to seize UK mortgage book

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Hedge fund makes bold bid to seize UK mortgage book

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A red houses sitting on a coins, with a pen and calculator to symbolize house finance in the U.k. | Ian Milburn/spectrumblue - Fotolia

Clifden IOM No.1, a real estate-focused hedge fund, has launched an audacious bid to take control of £2bn of pre-crisis UK mortgages, launching a tender that could forestall a refinancing of the portfolios by the original lender, Paratus AMC. Owen Sanderson reports.

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