Securities Vet Launches CRE Advisory Firm

Published May 15, 2008, 1:00 p.m. EDT

1 Min Read

Frederick L. Fellows has announced the establishment of Basalt Capital LLC, a Chicago-based investment management company specializing in commercial real estate debt securities. Basalt currently manages commercial mortgage-backed security investments for a related investment partnership and has launched a $500 million high-yield CMBS-oriented investment fund. Mr. Fellows said a "carefully selected, unlevered CMBS investment can yield better returns than many leveraged equity investments." Mr. Fellows is also the founder of Basalt's predecessor, Cargan Investment Management LLC, and previously worked at Southwest Securities and Nomura Securities International. The company can be found on the Web at http://www.basaltcapital.com.

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