Oxford Funding Corporation
Oxford Funding Corporation | Hedge Fund Notes
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Resource #1: (12.8.08) Oxford Funding Corp. (OXFD) announced the signing of a Letter of Intent to acquire $40 million in new properties into its Hedge Fund, The Oxford Opportunistic Mortgage Fund, Ltd. "We expect this to be the first step in a series of profitable asset acquisitions over the next several months," noted Ron Redd, CEO.
The assets are being acquired from ARCOA Capital Partners, LP, a Houston-based investment company. "We expect Oxford to manage and maximize these assets for us as the economy turns around. This should be a win-win for both our investors and Oxford's shareholders," stated Larry Ramming, Managing Partner of ARCOA.
Oxford will manage this portfolio of properties to maturity or sale. "We have demonstrated our ability to help Americans stay in their homes and protect equity values while making attractive returns for our company," added Mr. Redd. "This is a big step forward in our plan to build value for our shareholders by acquiring assets at attractive values and managing them to realize profits," he concluded.
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