Items Tagged with 'co-founder'


  • Partnership Targets Troubled Assets

    A new partnership seeks to capitalize on distressed market conditions in both equity and debt, which continue to loom around the nation. Private equity firm Alcion Ventures and diversified real estate firm, Golub & Company, just launched a $100m joint venture to pursue troubled properties in turnaround and workout situations.
    Read More
  • Countrywide's Mozilo May Face SEC Charges

    The Securities and Exchange Commission (SEC) may soon bring civil fraud charges against Angelo Mozilo, co-founder of Countrywide Financial, which folded into the Bank of America [stock BAC][/stock] name as part of the recent mortgage operations rebranding initiatives there.
    Read More
  • Firm Touts RMBS Valuation Services

    NIR Credit Partners LLC, a North Carolina-based alternative asset manager and advisor in structured finance, said recently that it had expanded its portfolio valuation services for residential mortgage loans and mortgage-backed securities. The recently-launched service offers institutional investors a highly customized solution that includes in-depth analytics on illiquid mortgage-related loans and securities, the company said in a press statement.
    Read More
  • Hedge Fund Manager Quits Race for TARP Role

    The Treasury Department saw yet another candidate drop out of the race to fill top positions. Hedge fund manager Frank Brosens has withdrawn his name from consideration for a leading position to head the Treasury's Troubled Asset Relief Program, sources told the Wall Street Journal. Co-founder of Taconic Capital Advisors, Brosens campaigned for President Barack Obama and is a major donor to the Democratic Party.
    Read More
  • NovaStar CEO, CFO Head for the Exits

    Once high-flying subprime specialist NovaStar Financial, Inc., reeling from a $598 million loss in the third quarter and struggling to stay solvent, will face its future without its current CEO and CFO.
    Read More