SkyBridge Rides Mortgages To 38% Return

Jan 22 2014 | 2:40pm ET

Fund of hedge funds SkyBridge Capital has soared about 38% over the past two years, thanks to its bet on U.S. mortgages.

The $6.2 billion hedge fund profited handsomely from the Federal Reserve's stimulus program, which has helped lift the mortgage market. And even though the Fed's bond-buying days are numbered, SkyBridge is still bullish on the sector.

"We still like mortgage-backed securities," the firm's Troy Gayeski said.

SkyBridge, which last year had 70% of its assets invested in mortgage strategies, still has 38% of money in mortgages.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

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

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...