UCM Partners Launches $10M Fixed-Income Fund

Jun 29 2011 | 1:56pm ET

UCM Partners, a boutique fixed-income investment advisor with about $1.1 billion AUM, has launched the UCM MIDAS Fund with $10 million.

The new fund, which targets returns of 25%-30%, is a private, co-mingled fixed-income vehicle designed to capitalize on relative value opportunities in residential mortgage-backed securities and other securities debt markets.

The MIDAS fund is managed by UCM Partners CIO Jay Menozzi and portfolio managers Boris Peresechensky and Vesta Marks. The team employs an investment process based on UCM's proprietary analytical models, developed to capitalize on undervalued cash flows of securities at the top of the capital structure within the residential MBS market. 

A company statement says the investment team employs a quantitative relative value approach, utilizing their proprietary loan-level credit models to generate security-level cash flow projections for multiple economic scenarios—expected-base case, extreme-stress case and optimistic recovery case. The fund also seeks to exploit periods of market illiquidity and pricing anomalies to capture opportunities within distressed sectors and among mispriced securities.

Founded in 1992 and headquartered in New York, UCM Partners also has offices in Orlando and Philadelphia.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR