Chimera Investment Corporation Completes Acquisition of Palisades Group
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Chimera Investment Corporation has completed its acquisition of Palisades Group, a U.S.-based alternative asset manager specializing in residential real estate credit. Jack Macdowell, Jr., co-founder and CIO of Palisades, is now Chimera's CIO.
December 03, 2024 | 11:45 am
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Chimera Investment Corporation has finalized its acquisition of Palisades Group, which could enhance its capabilities in residential real estate credit. This strategic move also brings Jack Macdowell, Jr. as the new CIO.
The acquisition of Palisades Group by Chimera Investment Corporation is likely to positively impact CIM's stock price in the short term. The acquisition enhances Chimera's capabilities in residential real estate credit, a growing sector. Additionally, the appointment of Jack Macdowell, Jr. as CIO could bring new strategic insights and leadership to the company.
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