400 Capital Management
Manhattan Tower on Fifth Avenue Adds $5.8 Billion Asset Manager
400 Capital Management, an alternative-credit investment firm that oversees $5.8 billion of assets, has signed a lease at Brookfield Properties’ 660 Fifth Ave. in New York.
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.
Where 400 Capital’s Hentemann Is Finding Value in Credit Markets
Chris Hentemann, 400 Capital Management founder and chief investment officer, discusses where the value is in credit markets with Bloomberg’s Erik Schatzker at the SALT Conference in Las Vegas.
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.