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ABS 2.0: Waterfall Asset Management returns to its roots

Waterfall Asset Management’s Tom Capasse & Jack Ross are rebuilding a market they helped invent.

By Neil O’Hara   Jack Ross: “We don’t focus on the ratings”For most investors in the asset-backed securities market, the financial crisis overturned assumptions about credit quality, liquidity and the probability of default. To Tom Capasse and Jack Ross, the founders of Waterfall Asset Management, it was simply a throwback to

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