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Clayton reveals £20bn mortgage asset due diligence

Clayton Euro Risk has revealed it has done more than £20bn of due diligence on mortgage asset acquisitions since 2007.

The third party administrator says that despite market conditions, the due diligence has led to firms buying, selling, funding or investing in whole loan trades, securitisations, covered bonds or warehouse and credit lines throughout Europe.

Clients for Clayton’s European arm include investment banks, retail banks, hedge funds, equity investors, private business, lenders and servicing administrators.

Clayton Euro Risk chief executive Tim Keast says: “Combining use of technology with the best professionals in the industry allows us to offer market leading due diligence services.”

Clayton US head Paul Bossidy says: “We wanted the UK to be a springboard and we are very pleased with our UK investment two years on. In these testing times there is no substitute for experience.”

Clayton Euro Risk says it is now working on new initiatives to help re-build confidence in the debt and bond markets.


FSA challenges advisers over wrap charges

He asked delegates: “Given that what the bulk of what platforms do is to drive efficiencies and support services that advisers provide the customers, why is it that cost of wraps are charged directly to the customer rather then being an overhead to the advisory firm?

Interesting times

At least I know what I won’t be writing about this week. I fear I may have mentioned a Bristol-based firm of advisers a shade too often of late – and while two columns in a row might reasonably be dismissed as coincidence, three looks like the journalistic equivalent of stalking.

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Bright Grey has enhanced its income protection plan to include a rehabilitation service provided by Health and Case Management Limited.

Artemis Global Income: Making sense of global markets

The rally in cyclical ‘value’ stocks paused for breath in February, as investors took a more cautious tone and switched their attention back to defensive areas. In this article, Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, explains how he has positioned the portfolio, given the many economic, geopolitical and policy risks that […]


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