Deals
Investment Firm Axonic Capital Said to Explore Strategic Options
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Axonic Capital, a firm that invests in mortgage-backed securities and other structured products, is exploring strategic options including the sale of a controlling stake, according to people with knowledge of the matter.
The New York-based firm, which managed $6.3 billion in assets as of March 31, is working with an adviser to solicit interest from potential buyers of the stake, said the people, who asked not to be identified discussing private information. No final decisions have been made and it’s possible a transaction does not materialize.