Friday, 19 September 2014
Last updated 4 hours ago
Nov 20 2013 | 10:29am ET
Credit hedge fund 400 Capital Management has hired a Bank of America Merrill Lynch vet to lead its push into agency mortgage debt.
Jason Yeung has been named head of agency mortgage strategies at the New York-based firm. He is the 13th member of 400's investment team.
400 invests primarily in mortgage-backed securities.
"We anticipate the sector will offer a number of compelling—and unprecedented—trading opportunities as the Fed withdraws its artificial support of agency MBS, the curve transitions to higher rates and credit-driven criteria complement and drive payment incentives," 400 founder Chris Hentemann, a former head of global structured products at BofA, told investors in his third-quarter letter.
The $815 million hedge fund is up 10.84% through the end of September.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.