400 Adds Agency Specialist

Nov 20 2013 | 11:29am 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.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of