The new fund seeks to capitalize on current dislocations in the U.S. residential mortgage market by seeking the highest returns through investments in Agency Mortgage-Backed Securities
“Agency MBS are an excellent vehicle for enhancing overall portfolio returns. Unlike many other investments Agency MBS carry actual or implied guarantees by the Federal government.” said Edward Komito, the Portfolio Manager “Due to their principal prepayment uncertainty, Agency MBS carry above average rates of interest which can make them appealing to those looking for higher rates of interest income.”
Edward Komito began his professional financial career as a Financial Consultant at Morgan Stanley in late 2000 where he focused mainly on fixed income including MBS, corporate bonds, and convertibles. In 2002 he joined Merrill Lynch and continued to focus on the fixed income sector. In 2004, Edward Komito left Merrill Lynch to start his own practice as an independent financial advisor.
Agency MBS has been the focus of the manager for over a decade. The strategy was developed and tested by the portfolio manager, Edward Komito, over 3 years using his own capital.
The fund maintains a 2% management fee and 20% incentive fee. Their service providers include Ape?x Fund Services, PKF O’Connor Davies and Celadon Financial Group.
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