Alesco Financial Inc. · Philadelphia, PA United States ·(NYSE: AFN)
Company Description
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This link will open in a new window Alesco Financial is a real estate investment trust (REIT) that acquires and invests in collateralized debt and loan obligations. Its portfolio largely consists of trust-preferred securities issued by banks and insurance companies, mortgage-backed securities, and commercial loans made primarily to small and midsized companies in the consumer products and manufacturing industries. The company is merging with its external manager, Cohen & Company, an investment bank and asset manager founded by Alesco's chairman. The combined firm (which will include Cohen & Company as a subsidiary) will specialize in credit-related fixed-income trading and management. To read the full description, subscribe now.
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Key Alesco Financial Inc. Financials
| Company Type | Public - NYSE: AFN Single Location |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | -$65.2 |
| 2007 Employees | 136 |
Alesco Financial Inc. Executives
12 executives listed for Alesco Financial Inc.'s Philadelphia, PA location.
| Title | Name & Bio | Contact |
| Chairman | Daniel Cohen | Network |
| President, CEO, and Director | James McEntee | Network |
| CFO and Treasurer; EVP Cohen & Company | John Longino | Network |
Competition
Competitive Landscape for Alesco Financial Inc.
The health of the economy drives demand for REITs as investment vehicles. Profitability depends on the value of the properties in the portfolio, which in turn highly depends on real estate vacancy rates. Large companies have advantages in deal-making, and economies of scale in marketing, computer and infrastructure investment, and operations. Smaller companies can compete by specializing not only in real estate type, but by geography, though geographic focus can increase risks. To read the full description, subscribe now.Top Alesco Financial Inc. Competitors
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