Investors less enamoured of asset-backed lending

sec-lending-dead

Asset-backed lending (ABL) has not had the best performance of strategies over the past year. In September 2008 a number of hedge funds and funds of hedge funds (FoHF) using the strategy found themselves caught up in the $3.65 billion fraud allegedly perpetrated by the Petters Group.

The company’s founder, Thomas Petters, is currently standing trial in the US for purportedly tricking funds into lending money against non-existent assets such as electronic goods. When news broke about the allegatio

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: