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.


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Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.