Hedge funds reportedly plan foray into CMBS market

02/27/2013 | Bloomberg

The commercial mortgage-backed securities market traditionally has been controlled by a handful of firms, but several hedge funds are said to be considering buying the high-risk, high-yield vehicles. "Funds are increasingly getting more creative in terms of complexity and illiquidity," said Rael Gorelick, co-founder of Gorelick Brothers Capital. "This is a rates-are-low story. Where else are you going to go?"

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