Mortgage Hedge Funds Post Gains

Oct 11 2012 | 12:10pm ET

Mortgage hedge funds are enjoying something of a renaissance this year.

Led by Metacapital Management's 34% return in 2012, hedge funds investing in all manner of mortgage-related securities, including home-loan debt and non-agency bonds, have posted double-digit returns through the first nine months of the year.

Among the other winners are Pine River Capital Management, whose $3.4 billion fixed-income hedge fund is up 29%, and LibreMax Capital, up 16%, Bloomberg News reports. Brevan Howard Asset Management's $2.5 billion Credit Catalysts Master Fund, run by DW Investment Management, is up 12%.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of