Hedge Fund survey about p2p lending: 83% have not invested in p2p yet. Much more data…
High Yield Credit Spreads from 1987 to today.
Global Private Equity vol down 54% y-o-y period to date.
Zopa numbers. Zopa was profitable in 2011 and 2012.
European ABS may be revived thanks to p2p bonds.
SoFi launching REIT for a cheap capital source.
|March 7th 2016|
|NYHFR Survey: P2P Lending Increasingly Popular Among Alternative Asset Managers||Only 17% of respondents said their firms have invested in P2P loans or P2P lending platforms. 20% of the survey’s participants believe that higher interest rates will pull institutional capital back towards more tried and true investments .
43% of respondents think that investments in the platforms making P2P loans themselves are the way to go as they avoid direct default exposure. 31% think that securitized bundles of P2P loans offer the biggest bang for the buck, and 26% think that the best bet is taking direct positions in some of the larger P2P loans made to small businesses.
78% of respondents said history has proven that investors have incredibly short memories and that if securitizations backed by P2P loans offer attractive returns, investors will dive in.
61% of respondents felt that if demand continues rising, P2P platforms will be forced to loosen lending requirements, while 39% think that the regulations banks must contend with have become so cumbersome that there will be no shortage
|Here's a look at the modern history of high yield credit spreads||AAA||Business Insider|
|Global private equity volume is at $44.7 billion, which is down 45% (U.S. is 54% off pace) year over year.||Global private equity volume is at $44.7 billion, which is down 45% (U.S. is 54% off pace) year over year. One other interesting data point is that "Any China Involvement M&A" is at $135.2 billion, which is a 71% year-to-date increase over 2015. It's also the highest period for such deal activity since Thomson Reuters began keeping such records in 1980. Global announced M&A totaled $453 billion through last Thursday, according to Thomson Reuters. That's off 17% from the same period in 2015, while U.S.-specific M&A is off 22%.||AAA||Fortune|
|Direct Mail and P2P Lending: A Traditional Channel for an Emerging Industry||In order for a P2P direct mail campaign to be effective, the call to action (CTA) must be elegantly simple and easy to understand and use. Features and benefits should be listed in clear, concise bullet points in a sidebar that only has to be read once to be understood.||A||IWCO Direct|
|New York State Restaurant Association Announces Exclusive Partnership With BizFi||The New York State Restaurant Association has selected Bizfi, a premier FinTech company which combines aggregation, funding and a participation marketplace for small businesses on one platform as the exclusive financial provider for its 2000 members.||A||ABL Advisor|
|Spinoff Highlights Why Small Banks Struggle with Online Lending||Cordia Bancorp recently sold its student lending platform due to concerns about loan concentrations. In doing so, the Virginia company provided another example of why it is difficult for smaller institutions to gain traction in marketplace lending.||A||American Banker|
|Zopa aims for enough growth to stop explaining its name||Zopa reported £11.5m of revenues in 2014, more than double its £5.4m total the previous year, and executive chairman Andrews expects the 2015 figures to show revenue of £21m. With total lending so far of £1.3bn. £650m of the loans are still outstanding. The company’s average loan is £7,500. Interest rates for borrowers range from 3.3pc to 29pc, with an average rate of around 10pc. Company made profits in 2011 and 2012 before raising funds and deciding to invest in the business.||AAA||The Telegraph|
|Europe ABS Bankers Eye Loan Markets Designed to Sidestep Banks||European public sale of securitized debt is at 10% of pre-2008 crisis level. 120bil EUR in 2007, vs 10bil EUR now. Europe's first p2p securitization (sale of bonds) tied to loans made via these online services could be just months away. May not be enough to fix European ABS market.||AAA||Bloomberg Business|
|Student Lender SoFi Said to Explore Mortgage REIT Formation||SoFi Launching a Real Estate Investment Trust (REIT). Executives at the company are considering the idea as a way to raise money at low cost to lend out long term, the people said, requesting anonymity because the talks are private.||AAA||Bloomberg Business|
|LendingClub Corporation Climbs 6.78%||LendingClub Corporation (NYSE:LC) has climbed 6.78% in the past week and advanced 28.29% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4% and the outperformance has advanced to 20.59% for the last 4 weeks period.||A||Street Edition|
Author: George Popescu