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“We had already taken the view back in 2006 that we were not comfortable with the CDO market, and so we had short exposure” |
Asset-based lending is becoming of increasing interest to hedge funds managers as a source of alpha, and to investors. Swiss fund of hedge funds Nara Capital, for example, launched a pure asset-based lending fund of hedge funds at the end of 2007. And, according to a survey compiled by the Commercial Finance Association, the US asset-based lending industry has been growing at double-digit rates annually.
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