Billionaire investor Wilbur Ross is considering the purchase of Chinese non-performing loans as the nation takes measures to allow banks to securitize the debt.
I’m “getting very interested in China in terms of distressed loans,” Ross, chairman of WL Ross & Co., said in a Bloomberg Television interview on Wednesday in response to the government’s plan to sell the loans as asset-backed securities. “If they do that with transparency and with reasonable pricing, that’ll be a very good help for the Chinese banks and it will create an opportunity for people like ourselves.”
Billionaire Wilbur Ross Says Interested In Soured Chinese Loans
Maverick USA was down 3.3% for the second quarter, while Maverick Levered was down 2.1%. Maverick Long Enhanced was up 8%. Year to date, Maverick USA is up 31.8%, while Maverick Levered has gained 49.3%. Maverick Long Enhanced has returned 9.9% for the first six months of the year. Maverick Capital is a long/ short Read More