Sun, Apr 20, 2014
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

Banner
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. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo