Allocators skeptical of still-bullish mortgage hedge funds
By Lawrence Delevingne
Thu May 9, 2013
After hefty gains, SkyBridge and FRM are reducing their exposure.
(Photo: Lawrence Delevingne)
LAS VEGAS -- While mortgage hedge funds are
strongly convinced that their strategy will continue
generating large profits, some investors are pulling back.
"There's no way guys can make as much money, and with home
prices starting to rip, there could be more downside," said
Troy Gayeski, a partner and senior portfolio manager at
SkyBridge Capital, at the...
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