People Moves

Fixed-income manager Prologue adds US mortgage veterans


Prologue Capital, the London and Greenwich-based global macro firm that focuses on discretionary fixed-income investment, has added mortgage market veterans Michael Chapey and Noah Estrin to its portfolio management team in a bid to expand its activities in the mortgage markets.

Both men will work out of the firm’s Connecticut office – reporting to Graham Walsh, founding partner and chief investment officer of Prologue – with Chapey working as a portfolio manager and Estrin as a senior portfolio manager.

The two men will focus on US agency mortgages. “Michael and Noah both have proven track records and will