MANAGER INSIGHTS

CMBS could be hit harder than the ’08 sub-prime market, says Deer Park Road CIO

CMBS could be hit harder than the ’08 sub-prime market, says Deer Park Road CIO

Deer Park Road is maintaining an aggressive short position in commercial mortgage backed securities as the market continues to fall because of lockdown. Although the Colorado-based structured credit manager, which was established by Michael Craig-Scheckman in 2003, expects to shift to a long position in CMBS when the right entry point emerges towards the end of the year, or in early 2021.

NEWS

Blackstone’s hedge fund investments tumble 8 per cent during “unprecedented” Q1 sell-off

Blackstone’s hedge fund investments tumble 8 per cent during “unprecedented” Q1 sell-off

Blackstone saw its hedge fund performance fall more than 8 per cent during a torrid first quarter – but the world’s largest alternative investment manager has grown its overall assets over the past year, and now has USD150 billion in “dry powder” assets to put to work.