History
The Anglo-American Financial Group of Companies was formed in 1979 by Robin Rodriguez, Charles Robinson and Mario Dix.
Anglo was one of the first firms in this country to strip U.S. government bonds (well before Merrill issued the TIGRS, Salomon issued the CAT's, and the U.S. Treasury issued the TR's).
Anglo finances mortgaged-backed securities and treasuries for customers which include banks, brokerage firms, and arbitrageurs and the total outstanding has exceeded $5 billion on many occasions. After the demise of Drexel Burnham in 1990, Anglo-American started buying defaulted debt issues of public companies when it was possible through careful analysis to determine that the senior securities were substantially over collateralized. While the collateral for the debt in some cases has included airplanes, steel plants, and retail stores, most of the time the loans have been collateralized by real estate.
So much hedge fund money has been chasing the overcollateralized public debt in the last few years that Anglo has had to focus more on private secured loans in the $1 to $15 million range (where there is very little competition from banks or private lenders). Anglo generally lends up to 50 percent of the Quick Sale Value (i.e., what the collateral would bring under the hammer) and charge rates in the mid to high teens. Anglo also generally insists on personal guarantees and very onerous default provisions.
Anglo's search for investment opportunities sometimes leads to substantial equity investments in a company, especially in companies where we can add value with our contacts and experience. We are almost exclusively active, not passive investors. In some cases we try to help the companies grow by providing financing for them, introducing the management team to joint venture partners, acquisition candidates, or new sources of business and in other cases we force the company to liquidate or sell itself to a more efficient competitor. We are also active on the short side of very overvalued companies.
Anglo was one of the first firms in this country to strip U.S. government bonds (well before Merrill issued the TIGRS, Salomon issued the CAT's, and the U.S. Treasury issued the TR's).
Anglo finances mortgaged-backed securities and treasuries for customers which include banks, brokerage firms, and arbitrageurs and the total outstanding has exceeded $5 billion on many occasions. After the demise of Drexel Burnham in 1990, Anglo-American started buying defaulted debt issues of public companies when it was possible through careful analysis to determine that the senior securities were substantially over collateralized. While the collateral for the debt in some cases has included airplanes, steel plants, and retail stores, most of the time the loans have been collateralized by real estate.
So much hedge fund money has been chasing the overcollateralized public debt in the last few years that Anglo has had to focus more on private secured loans in the $1 to $15 million range (where there is very little competition from banks or private lenders). Anglo generally lends up to 50 percent of the Quick Sale Value (i.e., what the collateral would bring under the hammer) and charge rates in the mid to high teens. Anglo also generally insists on personal guarantees and very onerous default provisions.
Anglo's search for investment opportunities sometimes leads to substantial equity investments in a company, especially in companies where we can add value with our contacts and experience. We are almost exclusively active, not passive investors. In some cases we try to help the companies grow by providing financing for them, introducing the management team to joint venture partners, acquisition candidates, or new sources of business and in other cases we force the company to liquidate or sell itself to a more efficient competitor. We are also active on the short side of very overvalued companies.
