Performance profile: Shorts lift MKP Credit

Mon Mar 31, 2008



MKP Capital Management's credit sensitive mortgage-backed securities fund started the year on firm footing, thanks largely to heavy, unleveraged short exposure.

MKP Credit, the $600 million MBS fund managed by Anthony Lembke and Patrick McMahon, produced a 0.9% return in February, taking its total gain to 1.55% for the year so far. By comparison, the Absolute Return Credit Index returned 0.20% in February and...

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