Launches & Closures Hedge Funds

ZAIS launches MBS fund

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The structured credit firm adds to its allocation in the popular strategy.

   
   Christian Zugel, CIO and car racer
(Photo:
lemans.org)
ZAIS Group, the $6.2 billion Red Bank, New Jersey-based structured credit firm, is adding to its mortgage related investments with a new fund set to launch in September.

The vehicle, ZAIS Matrix VII, will be an “opportunistic MBS Fund focused on extracting the complexity premium from mortgage backed securities while offsetting the macro risk utilizing liquid rate options,” and using “very modest” amounts of leverage, according to marketing materials obtained by AR.

The fund will be managed by ZAIS senior portfolio manager Denise Crowley and co-head