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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.