Tuesday, 29 July 2014
Last updated 4 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…