Pine River's Teichholtz Happy About Regs, Likes CMBS

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."


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR