Thu, Jul 2, 2015
A A A
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

amb
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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  4. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  5. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

 

banner