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Oxford's Hedge Fund To Buy at a Discount.
Houston -- Oxford Funding Corp. has formed a hedge fund to invest in discounted portfolios of residential and commercial mortgages.
"The fund gives Oxford Funding another vehicle and another opportunity to profit from disruption in the current mortgage markets," said Ron Redd, Oxford's CEO, in a news release. "There is presently so much opportunity in the market. We want to capitalize on as much as possible."
The company said in early March that its annualized rate of return on its portfolio exceeded 90%.
The new fund will invest in performing, subperforming and nonperforming mortgages purchased on the secondary market at substantial discounts to face value. The fund's strategy will be to hold, modify if necessary, and ultimately liquidate the mortgage assets at significant gains over the purchase price. The fund and its investors will participate in the yields generated during the holding period, and from gains on the sale or liquidation of the mortgage assets.
"This will give us the ability to ...
- (OTC:OXFD) Oxford Funding Corp.just released some important news.
- Press release article from: M2 Presswire December 9, 2008 700+ words
...Stockwire.com: (OTC:OXFD) Oxford Funding Corp.just released some important...RDATE:09122008 (OTC:OXFD) Oxford Funding Corp.- Oxford Funding Signs Letter...Chat Room for (OTC:OXFD) Oxford Funding Corp. has been created at STOCKWIRE...
- (OTC:OXFD) Oxford Funding Corp. just released some important news.
- Press release article from: M2 Presswire December 8, 2008 700+ words
...Stockwire.com: (OTC:OXFD) Oxford Funding Corp. just released some important...RDATE:08122008 (OTC:OXFD) Oxford Funding Corp. - Oxford Funding Signs Letter...Chat Room for (OTC:OXFD) Oxford Funding Corp. has been created at STOCKWIRE...
- Oxford Funding Corp. Comments on Mortgage Market Meltdown.
- Press release article from: Business Wire August 13, 2007 700+ words
HOUSTON -- Robert Dunn, President of Oxford Funding Corp. (OTC:OXFD), commented today: "During...can be generated," Dunn continued. About Oxford Funding, Inc. Oxford Funding Corporation is a publicly traded asset resolution...
- Oxford Funding Corp. Forms Hedge Fund.
- Press release article from: Business Wire February 4, 2008 700+ words
HOUSTON -- Oxford Funding Corporation (OTC:OXFD) has...Fund generates. "The Fund gives Oxford Funding another vehicle and another opportunity...said Robert Dunn, President of Oxford Funding. "The Fund will take us to the...
- Oxford Funding Corp. Acquires $2.7 Million Portfolio at 30% of Collateral Value.
- Press release article from: Business Wire February 12, 2008 700+ words
HOUSTON -- Oxford Funding Corporation (OTC:OXFD) announced...continued growth of value within Oxford Funding," added Bob Dunn, President...Mr. Dunn concluded. About Oxford Funding Corporation: Oxford Funding Corporation...
- Oxford Funding to Acquire Houston-Based Huntington Financial.
- Press release article from: Business Wire June 25, 2007 700+ words
...crisis of the 1990's," said Ron Redd, CEO of Oxford Funding Corp. "Acquisition of Huntington Financial provides...shareholders," Mr. Redd explained. About Oxford Funding Corp. Oxford Funding Corporation is a publicly traded Asset Resolution...
- Oxford Funding Corporation Opens New Headquarters in Houston.
- Press release article from: Business Wire June 15, 2007 700+ words
...of its growth plan," said Ron Redd, CEO of Oxford Funding Corp. "We are positioning ourselves for rapid expansion...area, (source: Dow Jones Newswires). About Oxford Funding Corp. Oxford Funding Corporation is a publicly traded Asset Resolution...
- Oxford Funding Welcomes Robert Dunn as New President.
- Press release article from: Business Wire June 27, 2007 700+ words
...meltdown delivers an unprecedented opportunity for Oxford Funding and our shareholders, unheard of since the crisis...from the University of Texas, Austin. About Oxford Funding Corp. Oxford Funding Corporation is a publicly traded Asset Resolution...
- Oxford Funding to Acquire Assets.
- Press release article from: Business Wire May 24, 2007 700+ words
HOUSTON -- Oxford Funding Corp. [OTC:OXFD], announced today...subprime mortgage portfolios. Oxford Funding will focus on acquiring and rehabilitating...explained. In the 1990's the Oxford Funding team traded over $1 billion in...
- Oxford Funding Gets Spotlight In Local Business Papers.
- Press release article from: Business Wire October 1, 2007 700+ words
...The most recent article "Oxford funding sweeps up behind loan crisis...averages of their defaulted loans. Oxford Funding generates substantial revenue...Robert Dunn, President of Oxford Funding Corp. commented. The core of Oxford...
Source: HighBeam Research, Oxford's Hedge Fund To Buy at a Discount.