Monday, 6 July 2015
Last updated 1 hour ago
Mar 14 2013 | 1:22pm ET
Magnetar Capital has raised $370 million for a mortgage hedge fund.
The Evanston, Ill.-based hedge fund disclosed the figure in a Securities and Exchange Commission filing last year. Magnetar launched the Mortgage Securities Fund last year; the vehicle invests in mortgage-backed bonds.
Magnetar, which manages about $9 billion, is one of the larger and more prominent investors in collateralized debt obligations. The firm has never been accused of wrongdoing, but banks involved in its CDOs have been fined hundreds of millions of dollars.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…