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Ms. Maureen Bolton

Principal, Global Capital Access

What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Member of the Financial Services Council

Council Member Biography

Maureen Bolton is the Principal of Global Capital Access, a structured finance advisory firm specializing in developing securitization programs for domestic and international clients and advising hedge funds and private equity firms on making strategic investments and acquisitions. Ms. Bolton advises clients on creating funding strategies for a wide variety of consumer and commercial assets. A former Asst Director of Asset Disposition for the RTC, she has extensive experience in structuring efficient asset disposition methods for and valuations of distressed or non-performing mortgage portfolios. Ms. Bolton has structured/evaluated debt/equity investments in mortgage lenders located in India, Russia and Mexico and investments in non-performing loan portfolios auctioned by the Czech Republic, Slovakia and China. While Dir of Capital Markets for FannieMae, Ms. Bolton created the GSE's first senior subordinated REMIC structure to assist clients with sub-optimal mortgage portfolios. (This is me - Update Profile)


Employment History

2002 - Unspecified
Principal, Global Capital Access
2000 - 2002
Principal Financial Officer, INTERNATIONAL BANK FOR RECONSTRUCTION & DEVELOPMENT, (INC)

GLG NewsSM Analyses by Maureen Bolton(?)

Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.

Will Government's Promotion of Covered Bonds as Mortgage Funding Mechanisms Bring Back Investors to US Mortgage Market?

July 30, 2008

Treasury and Banks Kick Start Home Financing Tool | www.reuters.com

This article is important because it announces and describes: a) the US Treasury's support of covered bonds, an on-balance sheet method of funding mortgage originations, as an alternative to off-balance sheet mortgage securitizations or mbs b) Four major US banks announcements of their intentions to bring covered bond issues to market in the near future and and their commitment to provide pricing information in order to facilitate the trading of covered bonds and c) the FDIC's support of a covered bond market and its policy statement describing how it would treat covered bond investors in the event that an issuing bank become insolvent. The government and market participant actions described in the article are remarkable because they appear to contemplate an on-going involvement of the US Treasury and FDIC in the funding of mortgages that is more hands-on than any such actions to date, creating a defacto US govt gtd covered bond market.

Like any proud shopper, Temasek is happy to have recognised a bargain in Merrill

January 7, 2008

Temasek Supports Merrill Despite Sub-Prime Losses | www.bankingtimes.co.uk

This article summarises Temasek's recent equity investment in Merrill, including the price paid and future intentions.  Temasek appears to be more than satisfied with its investment and is inclined toward similar investments (financial institutions undervalued due to over-estimates of subprime/CDO related losses) in the near future.

Liquidity Sponge Could Be Full After Last Week's Leveraged Loan Sales

October 15, 2007

Debt on Sale: Banks Grease | online.wsj.com

This article is important because it reveals the current efforts of banks to sell off leveraged loans and contrasts such efforts with past sales.  The fact that banks are offering price guarantees and discounts to buyers of loans related to buyouts of recession-proof companies is an indication that getting rid of the enormous, committed leveraged loan pipeline will be much more difficult than anticipated. In addition to detailing the type of terms the banks were offering sellers, the article also contains a terrific illustration of the  current road show environment  -still crowded- and attendees -KKR attended and bought loans related to its very own deal-resulting in the borrower merging with the lender. 

Once Again, UBS Gets Hurt By Following the Herd

October 4, 2007

UBS falls victim to credit squeeze | www.ft.com

This article is important not only because it announces a US$1.3 billion write-down of UBS' fixed income portfolio, but because it parallels the situation with that of Bear Stearns' (huge write-downs followed by the "departure" of a key executive) and questions whether there are more of such "disclosures" in the coming week as Merrill Lynch, Deutsche Bank and others announce their third quarter earnings.

Will China's rich enrich Morgan Stanley

September 25, 2007

Morgan Stanley to buy stake in China's Jutian Fund | www.reuters.com

This article announcing Morgan Stanley's plans to invest in Jutian Fund Management is important because it reveals another component of Morgan Stanley's investment strategy.   It also indicates that wealthy Chinese may be a more lucrative target for foreign investors, as opposed to the potential billion retail accounts.

View All GLG News SM Analyses by Maureen Bolton

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GLG Live Meetings with Maureen Bolton(?)

Recent Seminars

February 28, 2007 | New York

GLGi: Sub Prime Mortgage Outlook for 2007