05 Jul Details: VSOP Fund
VSOP consists of long and short positions on 50 tranches from a variety of issuers and servicers. The deals come from a range of vintages going back before 2000 but most from 2006 or 2007. There is a high concentration of Class A tranches for both longs and shorts. Total target portfolio size is $1,771,953,025, with the highest concentration in a single deal being 16% of the total. We are refining our concentration limits before finalizing the fund size and composition.