Columbia Management has launched the Columbia Mortgage Opportunities Fund (CLMZX), an open-end fund which will invest across a full range of mortgage-related and other structured securities.
The fund is managed by Jason Callan, head of structured assets, and Tom Heuer, portfolio manager for structured assets.
The Columbia Mortgage Opportunities Fund offers investors a top-performing management team that has the flexibility to navigate a variety of interest rate, economic and market environments.
“Columbia Management is fortunate to have one of the industry’s leading mortgage-backed investment teams, led by Jason and Tom,” says Colin Lundgren, Head of US Fixed Income. “With this new fund, we have provided the team with greater flexibility to implement its best ideas with the goal of generating attractive risk-adjusted total returns for investors.”
The fund’s managers have the ability to invest across the entire mortgage-backed securities market, including agency, non-agency and commercial mortgage-backed securities (MBS) in order to provide investors with their best absolute and relative value investment ideas. This approach provides the investment team with greater flexibility to actively manage for duration, interest rate and credit risk, and changes in the credit cycle and housing market.
Callan and Heuer manage USD17.1 billion in mortgage-related assets, as of 31 December, 2013.