Archive

November 3, 2009

New York Hedge Funding Leaving NPL Market?

Telemetry Investments, a New York-based hedge fund that has been investing in non-performing residential loans, is reportedly leaving the space. According to brokers and investors that play in the market, Telemetry is trying to unload the last of its residential holdings. The company did not return a telephone call about the matter. It is not believed to be that large of a player in the NPL market.