Hedge Funds

Cerberus mortgage chief: Investment opportunity a “perfect storm”


Josh Weintraub talks to AR about the RMBS market.

Josh Weintraub (Photo: Cerberus)
Mortgage investing is one of the hottest hedge fund strategies, with dedicated funds launching and large multistrats allocating in large numbers. Fittingly, it has been the best performing strategy in the industry so far this year: hedge funds that employ an MBS strategy are up an average of 6.43% through June, according the AR database. That compares to a composite return across all strategies of 2.65%.

AR asked Josh Weintraub, head of RMBS securities and trading at Steve Feinberg’s $20 billion Cerberus Capital Management, to discuss the firm’s approach to RMBS