HOUSTON - (Business Wire) Oxford Funding Corporation (OTC:OXFD) announced today that the company launched the road show this week for its hedge fund -- Oxford Opportunistic Mortgage Fund.
Robert Dunn and Ron Redd, President and CEO of Oxford Funding, will begin the road show this week in New York. “We are making money for our current investors,” noted CEO, Ron Redd. “We expect investors to continue to seek the type of returns we have proven to our current investors,” he added. “Our strategy protects investors from the down market. We are the right answer at the right time,” he concluded.
The Fund’s strategy is to hold, modify if necessary, and liquidate the mortgage assets at significant gains. The Fund and its investors will participate in the yields generated during the holding period, and from gains on the sale/liquidation of the mortgage assets. By purchasing portfolios of mortgages at discounts as much as 70%, then restructuring the loans, Oxford was able to announce that the 2007 annualized rate of return on its portfolio of loans exceeded 90%.
With an outstanding track record for superior returns already established in its first year as a public company OXFD is looking to expand the number of mortgage whole loan portfolios it owns. The hedge fund has already received its first group of investors and has purchased its first mortgage loan portfolio at a steep discount to current appraised value.
“Our fund is the way for investors to protect themselves from the news we hear every day in this industry. Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM) reported a total of $6.2 billion in losses for the fourth quarter of 2007 and predict multibillion-dollar losses for 2008. Even companies like American International Group (NYSE: AIG) and Ambac Financial Group (ABK) who insure mortgage debt are getting hit hard,” concluded Mr. Redd.
About Oxford Funding Corporation:
Oxford Funding Corporation is a publicly traded asset resolution company specializing in the purchase and management of bulk mortgage loan portfolios. Senior management at Oxford has facilitated rehabilitated loan sales in excess of One Billion Dollars, traded billions of dollars of financial assets as principal and agent, and has established relationships with hundreds of financial institutions and loan investors nationwide. For more information, please visit our homepage at www.oxfordfunding.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Oxford Funding Corporation, Houston
William Carmichael, 713-975-9602
Corporate Relations
Fax: 713-978-6292
ir@oxfordfunding.com
