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400 Capital Management
Latest News and Press Releases
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Renovate America and 400 Capital Complete Second PACE Securitization
Renovate America, the leading provider of residential Property Assessed Clean Energy (PACE) financing in the U.S., in partnership with 400 Capital Management LLC, an alternative asset manager with more than $1 billion in assets under management, announced the completion of their second securitization of residential PACE Bonds, which resulted in the issuance of $129,145,000 in Class A Notes rated AA(sf) by Kroll Bond Rating Agency.
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New debt crisis fear: Subprime auto loans
Booming U.S. car sales and a push by private equity investors are creating a renaissance in the market for auto loan-backed securities. Corporations like Apple, Google and 3M as well as institutional and insurance-industry investors have been looking for the promise of steady yields in exchange for limited risk.
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The Largest Hedge Fund Managers (Ranked #155)
Ranked by assets managed worldwide in hedge funds, in millions. Data are as of June 30, 2014, unless otherwise indicated.
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Hedge Fund Manager Dips Back Into Fannie, Freddie Bonds
The brisk downturn for the newest type of Fannie Mae and Freddie Mac bonds since May has brought back one of their original fans. Chris Hentemann, chief investment officer for hedge fund 400 Capital, said he stepped back into the market on Wednesday with a piece of Freddie Mac’s latest debt issue that sheds risks of homeowner defaults onto other investors.
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Hedge fund 400 Capital gains on RMBS bets, makes new hires
Hedge fund 400 Capital returned 3.26 percent during the first three months of 2014, beating its benchmarks as bets on residential mortgage backed securities paid off. The firm, founded five years ago and run by Chris Hentemann, told clients in its first quarter letter seen by Reuters, “The overweighting to RMBS (residential mortgage-backed securities) drove absolute returns for the fund in 1Q14.”