News
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400 Capital Management
Latest News and Press Releases
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Are commercial mortgages the next big thing for hedge funds?
Gleaming office towers, corporate office parks and big box retail stores could be the next big thing for Wall Street traders. Some of the smart money certainly thinks so. Hedge funds focused on buying and selling securities backed by assets like home loans and credit card payments—known as structured credit or asset backed funds—are increasingly betting on commercial mortgages.
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400 Capital hires Yeung for agency mortgage strategies
Hedge fund 400 Capital, which invests primarily in residential and commercial mortgage-backed securities, hired a new executive to position itself to make money in mortgage-backed securities issued by government sponsored agencies like Freddie Mac, Fannie Mae and Ginnie Mae.
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Follow the big money into CF?
CNBC’s Josh Lipton looks at Facebook closing in on its $38 IPO price. The FMHR traders discuss what to do with shares of CF Industries after Dan Loeb of Third Point, revealed his stake in the company, while Steve Weiss and Mike Murphy debate the bull versus bear case on Potash and Mosaic. And Chris Hentemann, Hedge Fund 400 Capital, weighs in on today’s Case-Shiller report and how to play the housing rebound by looking for investment opportunities in mortgage credit.
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Philly fund picks structured equity, credit funds
Philadelphia Board of Pensions and Retirement committed $50 million to Levine Leichtman Capital Partners V, a structured equity fund, confirmed Francis X. Bielli, executive director.
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MOVES-BNY Mellon, Fusion Group, 400 Capital Management, Incapital
The wealth management business of BNY Mellon has hired Christopher Facka as senior director for business development, based in the firm’s West Palm Beach, Florida, office. Facka fills a newly created position which is part of the wealth manager’s major expansion strategy announced last month by CEO Larry Hughes.