TIG buys stake in Canadian credit manager: Reuters
TIG Advisors this week said it has bought a piece of Canadian mortgage investor Romspen Investment Corp, marking the first time it has taken a stake in another hedge fund, Reuters reported. Romspen, a Toronto-based credit manager, invests $2.5 billion in assets, providing first mortgage bridge lending to commercial real estate projects in North America. Romspen’s management team, led by Mark Hilson and Wes Roitman, will continue to run the firm. New York-based TIG, founded nearly 40 years ago by Carl Tiedemann, oversees roughly US$3 billion in assets and plans on making more investments in other alternative managers.
31 October 2018•1 min read
