Original article by Richard Leong.
Mike Sheldon, Senior Portfolio Manager at Income Research + Management, was quoted by Richard Leong in the IFR stating that fund managers are eager to buy commercial mortgage paper and that the latest CMBS deals are well underwritten because they are backed by loans originated with tighter lending standards.
On Thursday, BondBloxx partnered with Income Research + Management (IR+M) to launch the BondBloxx IR+M Tax-Aware Short Duration ETF (NYSE Arca: TAXX).
Veteran BlackRock portfolio manager Joseph Wolfe has come off of the $1.9bn BlackRock Large Cap Focus Value fund (MABAX) and the $7.8m BlackRock Global Impact fund (BGIMX), according to filings with the Securities and Exchange Commission (SEC).
Recent pricing on wholesale ABS deals for chains Wendy’s and Massage Envy illustrate differences on deals in this area of the market, reports Eikon.
