Magnetar Nets $370 Million For Mortgage Fund

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.


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