Sat, Apr 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Prologue hires US agency mortgage veterans and moves office

Monday, May 14, 2012
Opalesque Industry Update - Prologue Capital, LLP (‘Prologue’), a global/macro investment firm that manages a discretionary fixed income strategy, today announced that Michael Chapey and Noah Estrin have joined the firm.

Mr. Chapey, Portfolio Manager, will work from the firm’s Greenwich, CT office and reports to Graham Walsh, founding partner and Chief Investment Officer. Mr. Estrin, a Senior Portfolio Manager will also be based in Greenwich and will report to Mr. Walsh. Both will focus on trading U.S. Agency mortgages.

“Michael and Noah both have proven track records and will add to the firm’s deep expertise,” said David Lofthouse, CEO.

Mr. Chapey’s joins Prologue after spending 15 years as managing director at RBS Greenwich Capital, where he was head trader for the agency mortgage trading desk. During his tenure at Greenwich Capital, Mr. Chapey was responsible for making markets for clients, as well as trading and managing the risk of a proprietary trading account. Prior to joining Greenwich Capital, Mr. Chapey spent 10 years at Prudential Securities where he became a managing Director and head trader for the agency mortgage trading desk. He has a BS in Business from Providence College.

Mr. Estrin rejoins Prologue after moving to Jeffries in 2011 where he was head of mortgage trading. Prior to that, he was co-head of agency mortgage trading at RBS Greenwich, and before that, he worked at Donaldson, Lufkin & Jenrette. He is a CFA, a qualified Actuary and holds a B.S. in mathematical science and B.A. in economics from John Hopkins University.

“Michael and Noah both bring unique skills to our firm and will help us identify opportunities and trends in the mortgage market,” said Mr. Walsh.

In addition, the firm announced it has moved to a new, larger office in Greenwich, CT, located at 20 East Elm Street.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. 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

  3. 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

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably