Friday, 30 January 2015
Last updated 1 hour 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…