400 Capital Management
Investors Clamoring for Yield Scoop Up Shopping-Mall Bond
Don’t sound the death knell for shopping malls just yet. Yield-starved bond investors are betting some will not only survive — but thrive. Los Angeles-based real estate investment firm CIM Group on Friday morning sold $650 million of commercial mortgage-backed securities tied to the refinancing of one of its retail portfolios that includes 111 properties across the country, of which 50 are anchored shopping centers.
400 Capital Raises $430 Million Credit Fund
400 Capital Management LLC, an alternative credit asset manager specializing in structured credit with over $4.4 billion of capital under management, today announced the final close of its Asset Based Term Fund II (“ABTF II”). The Fund, launched in June 2019, was oversubscribed with more than $430 million, above its $400 million target.
400 Capital Management LLC Hires Carmel Partners’ Quinn Barton
400 Capital Management LLC (“400CM”), a $4.4 billion leading alternative credit asset manager, has hired Quinn R. Barton III to expand its investments in commercial real estate finance. Mr. Barton, formerly a Managing Partner at Carmel Partners, is joining 400CM as a Senior Portfolio Manager of CRE and
CMBS focusing on originating, structuring and trading all performing and non-performing CRE-related loans and securities.
Scary Bonds From Last Crisis Were the Best Place to Hide in 2018
The securities that triggered the last financial meltdown are proving to be one of the best places to hide in this downturn. Bonds backed by loans like auto and credit-card debt have gained 1.6 percent this year through Monday, according to Bloomberg Barclays indexes.
Billion Dollar Club: Renaissance, Millennium continue growth while AQR, Bridgewater falter
Listing citing 400CM among prominent managers of over $1B.