Hedge Fund News From HedgeCo.Net

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

(Hedgeweek) 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.

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