Meanwhile, investors have pulled money out of MBS-focused funds for three of the past four months, suggesting that investors are starting to distinguish among the credit groups. Hedge fund adviser Jonathan Kanterman says that while ABS funds have enjoyed a...
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Meanwhile, investors have pulled money out of MBS-focused funds for three of the past four months, suggesting that investors are starting to distinguish among the credit groups. Hedge fund adviser Jonathan Kanterman says that while ABS funds have enjoyed a three-year run of outperformance, finding undervalued ABS assets is now becoming harder, making it less attractive to put on arbitrage trades among ABS as the strategy has become a crowded play.
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