News

Banks are reviving the sale of credit-linked notes, a type of synthetic securitization that’s been relatively uncommon in the US since the financial crisis, ahead of new rules that will require them to hold more regulatory capital.

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. 

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 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.

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.