Reeling from massive sell-offs in July, fixed-income markets
stabilized in August. That trend, combined with renewed
liquidity in fixed-income markets, provided fertile ground for
hedge fund managers to retrench and even post some sizable
Added liquidity and tightening spreads helped across the
board for fixed-income strategies, including the
mortgage-backed arena. This enabled funds like Ellington
Mortgage Partners gain a hearty 4.8% in August,...