(Reuters) Hedge fund Premium Point Investments has sold a $6.2 billion mortgage bond portfolio, the largest sale of its kind in nearly two years, a person with knowledge of the transaction told IFR. Several investors said the timing of the auction was unusual as many market participants are typically away in the week before the Labor Day holiday.
But it drew interest from multiple bidders, and all 148 bonds included in the portfolio sale – auctioned on Tuesday – had sold, the person said.
