April 16, 2010

Jordan Yarett Quoted in Institutional Investor

Corporate partner Jordan Yarett was quoted in the April issue of Institutional Investor in the article "Investors Go Exotic for Esoteric Asset-Backed Yields." The article discusses the increased interest in esoteric asset-backed securities as investors turn to this niche market where it's possible to earn a generous spread over the yield on securities backed by auto, credit card, small business and student loans. In discussing how the absence of monoline insurers from the esoterics market may hamper its recovery, Jordan noted that "a number of successful transactions have been done without monolines, and a broader investor base is likely to develop."