Pine River hires heavy hitter for new REIT

Mon Oct 26, 2009

Two Harbors will pursue a relative value strategy targeting residential mortgage-backed securities.

Bill Roth, who ran a Citigroup proprietary trading effort in mortgage-and asset-backed securities, has joined Pine River Capital Management to serve as a mortgage portfolio manager and co-chief investment officer of a new real estate investment trust the firm has formed under its Two Harbors Investment subsidiary. From 1981 to...


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