

Waterfall Asset Management has announced the expansion of its insurance asset management business.
The global alternative investment adviser, which currently manages capital on behalf of insurance clients in asset backed credit and mortgage loan strategies, is forming a dedicated team to provide tailored investment solutions to insurers, with a focus on the US residential whole loan market, in which it has been an active investor since 2007.
This expansion will be overseen by Leo Wong, partner at Waterfall, who manages the $11bn residential whole loan asset strategy, along with recent hire Tim Nabors, managing director, who joined the firm earlier this year.
Wong said: “Insurance partners have always been a critical and valued part of Waterfall's investor base and we are proud of our ongoing commitment to delivering capital-efficient and tailored solutions to these sophisticated clients. Today's unique market environment offers especially appealing opportunities for insurers in the residential credit space given the attractive long-term yields on offer and the relatively low risk and volatility that can potentially be achieved through thoughtfully structured portfolios.”