Asset Management
OverviewFSI Capital manages over $10 billion of assets across approximately 41 funds.
Asset classes: Our asset classes include RMBS, CDOs, CLOs, CMBS, residential whole loans, time shares, consumer ABS and bank trust preferred securities.
Sophisticated Team: FSI Capital’s team is a collection of seasoned professionals from the credit markets with combined experience across trading, structuring, marketing, legal and programming disciplines. Our unique skill sets are in the specific asset classes that are now providing the most compelling opportunities.
Unique Informational Systems Advantage: Our systems combine data from all available sources and provide a unique bottom up analysis that starts with individual mortgage detail and rolls the analysis up to the mortgage pool level and then to the CDO level if necessary. The core sources of our analysis include Loan Performance, Intex, Bloomberg, the Federal Reserve, Freddie Mac, MacroMarkets and the Case-Schiller Home Price Index.
Replacement Manager:
FSI Capital has been named the replacement manager or sub-advisor on 31 ABS CDOs, several times more than any other manager. These mandates have required the consent of the vast majority of the ABS investor market as well as all of the rating agencies and represent a strong statement about the qualifications of our platform.
Financial Institutions
FSI and FSI Affiliates have invested in sub debt or equity of US financial companies since inception through hedge fund, private equity and CDO structures.
FSI Capital manages bank and insurance debt through its Trapeza CDO Program.
Trapeza was the first managed Trust Preferred CDO program and has demonstrated best in class performance since inception.
Trapeza manages 13 Trust Preferred CDOs (“Trapeza CDO Program”), including 7 bank trust preferred CDOs, 4 bank/insurance trust preferred CDOs and 2 bank/insurance/real estate trust preferred CDOs, totaling $4.6 billion.
Information above is as of June 9, 2009.