Sun, Mar 29, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

As fund of fund assets grew $1.5bn in 18 months, Skybridge looks at opportunities in the MBS market

Thursday, November 29, 2012

From Komfie Manalo, Opalesque Asia:

Research driven alternative investment firm Skybridge Capital with approximately $6.7bn in assets saw its fund of fund assets grew by more than $1.5bn over the past 18 months and its Partner and the CEO Europe for SkyBridge Max von Bismarck is looking at opportunities in mortgage-backed securities that he described as attractive again.

As one of the panelists in the latest Opalesque 2012 Zurich Roundtable Von Bismarck said that Skybridge’s main positioning is with cash flow generative strategies that do not purely rely on mark to market appreciation. "For example, over the past two to three years we found the U.S. mortgage markets particularly attractive. One of the largest themes in our portfolios is the prepayment-sensitive MBS (mortgage-backed securities) markets, a super liquid $7tln market with very low hedge fund penetration of probably less than 1%. The market is mainly dominated by long-only mandate constrained players. We saw very interesting opportunities in terms of the carry streams and if we look at the last two years, this has been a major uncorrelated strategy that also generated attractive returns for us."

The Opalesque 2012 Zurich Roundtable was held in the office of Eurex and was sponsored by ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner