Big names behind Five Mile

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A new fixed-income fund is on the launch-pad in Stamford run by some of the top names from the ranks of the fixed-income and mortgaged-backed world. Under the umbrella of their new company called Five Mile Capital, the team is set to roll out its first fund in June and may even incubate other strategies.

Among the founders is Steve Baum, formerly a senior vice-president and director of PaineWebber's Capital Markets Group. In addition to his long run at PaineWebber, Baum has been considered at the top of his field and has even lectured on topics such as applied