Sign up for free newsletter

 

Structured Portfolio Management (SPM) has announced the launch of a hedge fund designed to take advantage of dislocations in the structured credit and mortgage markets.

The SPM Directional Mortgage Credit Fund (SPM Credit Fund) is intended to capitalize on the increasing lack of liquidity in all areas of the structured credit markets, particularly among mortgage-backed securities.  It will also be involved in relative-value mortgage credit strategies.

'As the consequences of the subprime mortgage meltdown continue to play out we expect a series of opportunities for productive investing to appear,' says Don Brownstein, CEO of SPM.  'Our long-time experience as managers of mortgage-backed securities portfolios as well as our experience in the mortgage servicing business will help us identify the most promising of these opportunities.'
 
The SPM Credit Fund launched September 1, 2007. It is open to new investment with the goal of raising USD500 million.  Consistent with the firm's overall risk management philosophy, the SPM Credit Fund will use limited leverage and seek to control the specific risks to which it is exposed. 


Subscribe to free daily newsletter
latestjobs
Interest Rate Sales - NA Investment Bank

Tue, 03 Mar 2015 00:00:00 GMT

Junior Quantitative Research | Systematic trading

Tue, 03 Mar 2015 00:00:00 GMT

PHD Software Engineers/Quantitative Engineers

Tue, 03 Mar 2015 00:00:00 GMT

events
1 day 5 hours from now - London
1 day 5 hours from now - San Francisco
5 days 5 hours from now - Boston
specialreports