Waterstone's AUM Down 70% As HLF, FNMA, FMCC Calls Misfire – ValueWalk Premium
fannie mae FNMA freddie mac FMCC

Waterstone's AUM Down 70% As HLF, FNMA, FMCC Calls Misfire

Waterstone Market Neutral Fund scored some profits in its longtime bearish bet on Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) in last month. The fund rose 2.6% in March, after it had flattened its gains of January with colossal losses in February . Waterstone managed to end the first quarter with a positive return of 2.46%, according to a March investor letter reviewed by ValueWalk.

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