Friday, 29 August 2014
Last updated 1 hour ago
Nov 21 2013 | 11:37am ET
New financial regulations will be a boon to credit hedge funds like his, Pine River Capital Management's Colin Teichholtz predicts.
Teichholtz told the Reuters Global Investment Summit that new global rules are pushing Wall Street banks out of the trades he wants to make.
"All of these rules are basically sending the same message to big banks—you have got to reinvent your fixed-income business," Teichholtz, co-head of fixed-income trading at Pine River, said.
"From my perspective, that means there's a lot less competition from Wall Street."
Teichholtz said he's still investing in residential mortgage-backed securities, although he likes commercial MBS even better. "We are being paid very well to take the risk," he said.
He also said that Pine River has recently gotten into the municipal bond space, one it has not previously "played."
"The muni market is one that's very prone to throwing the baby out with the bathwater," he said. "There's not the differentiation that there should be."
Teichholtz added that Pine River also sees "an opportunity in catastrophe bonds."
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...