Andrew Putwain: Imperial Fund is known as a specialist in residential whole loans for institutional and insurance investors. Can you introduce yourself and explain how your investment philosophy is designed for insurance balance sheets?
Dmitri Batsev: Imperial Fund Asset Management has been around for 12 years.
We're a specialist in residential credit as a class. We manage a securitisation programme where we are an issuer of Residential Mortgage Backed Securities (RMBS) backed by collateral that we originate, as well as collateral sourced from other originators. It's in non-agency mortgages, where we have significant expertise.
We have a series of private funds, which are drawdown vehicles that act as sponsors of the securitisation, where we retain our risk retention bonds.
The other side of the business is geared toward insurance companies. We manage separately managed accounts (SMAs) or have flow agreements with insurance companies for whole loans.
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