Sun, Nov 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Emerald Direct Lending Fund on pace for a strong 2013

Friday, November 01, 2013

Bailey McCann, Opalesque New York:

Emerald Direct Lending Fund, a California-based fund focused on uncorrelated investing in amortized loans, is on pace for a strong first year. The fund has posted a 8.01% return year-to-date meeting the low end of its target 8-11% return. In a statement, the fund said it has seen delinquencies and defaults remain within expected levels, keeping month-to-month performance relatively consistent. Loan pricing overall remains strong following a recent rise in short-term interest rates.

The fund also looks at opportunities in peer-to-peer lending, and says the recent media attention on peer-to-peer loans has drawn institutional investors into the space creating a $2bn annual run rate. Emerald also expects to see consistent returns on consumer credit card debt.

Peer-to-peer lending is growing at a rapid pace, and so are the instruments trading securitized peer-to-peer loans. Much of these securitized loans come in the form of bond funds, similar to how mortgage loans are securitized, but ETFs are set to follow. A secondary market is also on the horizon. Investors in loans on peer-to-peer lending websites can see returns of 5% or more, beating the return on US treasuries.

Prosper, another of these peer-to-peer sites just announced its largest month ever, closing October with over $50m in loan originations, a 50% increase over September and a 500% increase from January. This is the 8th consecutive month of growth for Prosper, which ......................

To view our full article Click here

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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W