This Hedge Fund Giant Predicts Slow End To Fannie’s, Freddie’s ConservatorshipsMichelle Jones
Hedge funds which have been cashing in on Fannie Mae's and Freddie Mac's preferred shares have been virtually chomping at the bit in anticipation of both GSEs exiting conservatorship. Most fund managers seem to be expecting a swift end to their conservatorships—after more than 10 years, that is. However, one fund predicts that things may not wrap up as quickly as most are hoping.
Angelo Gordon's AG Mortgage Value Partners fund, represented by Michael Gordon, Yong Joe and Thomas Durkin, was up 2.69% for the first quarter. They updated their view on Fannie Mae and Freddie Mac in their Q1 letter, which was reviewed by ValueWalk.
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