Three Lessons from the First Non-Performing Loan Securitisations in China The following is a guest post from Jonathan Rochford, CFA Portfolio Manager of Narrow Road Capital Pty Ltd. Value Interview: Narrow Road Capital [Pt. 1] Value Interview: Narrow Road Capital [Pt. 2] Two non-performing loan (NPL) securitisations totalling CN¥534 million have just been completed in China. These should be the first of many as part of a CN¥50 billion program. The idea of NPL securitisations has been rubbished by some, but based on the results of the first two sales the process has merit in helping clean up the bad loans…
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
