AAMC - Altisource Asset announces forward sale contracts for alternative credit products

• Altisource Asset Management ( NYSE: AAMC ) said Tuesday it entered into forward contracts to sell alternative credit products to two of the largest institutional firms that manage insurance and credit money assets in U.S.
• The companies have over $50B and $15B in assets under management each.
• Altisource ( AAMC ) is in process of entering similar forward contracts with five additional firms.
• "Gaining trust and business of the largest fixed income counterparties in the private credit/alternative asset space within our first few months of alternative lending operations is a testament to the deep experience of our team," said CEO Jason Kopcak.
• Earlier, Danya Sawyer named COO of Altisource ( AAMC ) unit Alternative Lending Group .

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