“When we first started, we were very granular… But we should have bought everything and taken every opportunity because it’s all making money now,” says John R. Williams, of Avanath Capital Management.
The firm, which provides short-term apartment rentals, plans to use the new funding to fuel expansion in cities including Miami, Madrid, Zurick and Berlin.
The Federal Housing Finance Agency said it’s proposing amendments that would allow the agencies more capital relief when issuing credit risk transfer securities.