Hedge funds eye CMBS as hot investment

02/12/2013 | Bloomberg

Hedge funds such as Saba Capital Management and Davidson Kempner Capital Management acknowledge that commercial mortgage-backed securities are a great investment idea, according to an attendee at an industry conference. "CMBS underperformed many of the other sectors last year from a price perspective, but actually performed quite well from a fundamental credit perspective," says Philip Weingord, chief executive officer of Seer Capital Management.

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