SkyBridge Rides Mortgages To 38% Return

Jan 22 2014 | 1:40pm 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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...