Thu, Apr 17, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Peer-to-peer lending gains traction as new asset class for family offices, hedge funds

Tuesday, March 12, 2013

Benedicte Gravrand, Opalesque Geneva:

As part of the "sharing economy" phenomenon brought on by the internet are platforms where lenders and borrowers meet. Borrowers may seek an alternative from the more traditional lending outlets which have tighter string to their purse, and lenders may be attracted to the prospect of uncorrelated monthly income.

There are two main so-called web-based peer-to-peer (P2P) lending platforms in the U.S., the larger one being Lending Club, the other Prosper.com. According to Euromoney, what is also know as "crowdlending" has taken off over the past 12 months; and as P2P lending portals become more mainstream, they are attracting greater interest from industry heavy weights and Wall Street firms. Prosper and Lending Club have been responsible for the investment of more than $1bn into the accounts of American citizens and their ventures, while traditional banks in the U.S. are accountable for around 25% of all lending, states Investopedia. Apparently, the UK's P2P industry is also thriving. The FT quotes Zopa and RateSetter. And as well as crow......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: European stock-picking fund up 19% YTD, bets on small caps’ high cash level[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Here is a European long/short equity fund that has been beating the odds since its 2008 inception by employing its own investment model, frequent company visits

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque TV: First Trust Advisors launches liquid alternatives platform[more]

    Bailey McCann, Opalesque New York: First Trust Advisors is launching a new liquid alternatives platform aimed at building on the companies existing alternative ETFs offering by adding hedged mutual funds. Senior Portfolio Managers Rob Guttschow and John Gambla recently sat down in an

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo