Alesco Financial (formerly Sunset Financial Resources) is a real estate investment trust (REIT) that acquires and invests in collateralized debt and loan obligations. Its portfolio largely consists of trust-preferred securities issued by banks and insurance companies, mortgage-backed securities, and commercial loans made primarily to small and midsized companies in the consumer products and manufacturing industries. The company is externally managed by investment bank and asset manager Cohen & Company (founded by Alesco chairman). In 2006 Sunset Financial merged with Alesco Financial Trust, a specialty finance REIT formed earlier that year, and the combined entity took the Alesco name.
- James J. McEntee, III
- CEO
Sector: Financial
Industry: Real Estate