Tue, Oct 6, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Securitisations expert finds hidden value in European RMBS market

Thursday, March 06, 2014

Judith Sabbah-Sciamma
Benedicte Gravrand, Opalesque Geneva:

According to Judith Sabbah-Sciamma, a securitisations expert, the RMBS market in Europe offers some real opportunities.

Judith Sabbah-Sciamma is CEO, CIO and Portfolio Manager of London-based WyeTree Asset Management, which she joined in 2007 to launch the residential asset and ABS platform after more than 15 years of portfolio management and asset analysis experience behind her.

Dutch residential mortgage-backed securities (RMBS) grew by 31% to €15.8bn in 2013, while UK RMBS fell to €5.2bn from €22.3bn. On the back of that, the Financial Times reported last month, €180.9bn of asset-backed securities were issued in Europe in 2013, according to figures from the Association for Financial Markets in Europe, a decline of 38.7% from 2012. This was apparently due to European banks, the major originators of European securitisations, being on a deleveraging mode.

The sizes of the U.S. market ($1tln of U.S. RMBS left in non-agency market) and of the European market (€1tln of European RMBS) are similar and this is just about what those two markets have in common, Sciamma says during a recent Opalesque TV interview. Otherwise, the delinquency numbers among U.S. non-agency RMBS, ......................

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. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  2. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  3. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  4. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From Marketrealist.com: In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  5. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Reuters.com: Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'