•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Kristopher Zdyb Benedicte Gravrand, Opalesque Geneva for New Managers:

Warren Ashenmil, who was responsible for the commercial real estate portfolio at hedge fund Tricadia Capital, including CMBS and direct CRE debt and equity investments, left the firm in 2012 and founded Jerica Capital Management in New York. Before Tricardia, he had worked at Marathon Asset Management and other Wall Street firms, gathering in all more than 23 years of experience over three major investment cycles in commercial real estate and CMBS.

According to Kristopher Zdyb, Principal at Jerica, "Some people have called Warren the most successful CMBS trader on Wall Street in the period since the financial crisis. Many agree with them even in a world where there are very few readily acknowledged "good" trades in credit. He was one of the top performing portfolio managers at Tricadia and one of the only portfolio managers there that ran a separate account. He saw that other investors were interested in similar stand-alone allocations to CMBS."

Commercial mortgage-backed securities (CMBS) are secured by the loan on a commercial property. A CMBS can provide liquidity to real estate investors and to commercial lenders. As with other types of MBS, the increased use of CMBS can be attributable to the rapid r......................

To view our full article Click here