Rally in CMBS Buoyed as Angelo Gordon Leads Investors: Mortgages
This article is for subscribers only.
Bondholder confidence is growing that U.S. commercial property is bottoming following the recovery in residential housing.
Angelo Gordon & Co., LibreMax Capital LLC, Metacapital Management LLC and Brevan Howard Asset Management LLP are among firms that snapped up commercial mortgage-backed securities as some of the riskiest debt jumped as much as 13 percent in July to 68 cents on the dollar.