Jul 16, 2018
Cigar Break Asset Management's Craig Baker isn't much of a cigar smoker. Rather the name was picked out by a computer. The company is a hedge fund that finances hard money loans, purchases auto loan paper and they finance handicap accessible vehicles. Default rates are low and Craig has been involved in these lines for many years so he understands the performance aspects of the portfolios. Therefore, the returns are high and delinquencies are low.