Deer Park Road’s STS Master Fund was up 4.92% for February, compared to the S&P 500 Total Return’s decline of 8.23% and the Credit Suisse Hedge Fund Index’s 1.99% decline. For the first two months of the year, Deer Park Road was up 7.07%. Q1 2020 hedge fund letters, conferences and more Strength in legacy non-agency RMBS In their February letter to investors, which was reviewed by ValueWalk, Deer Park’s Michael Craig-Scheckman said they have seen strength in legacy non-agency residential mortgage-backed securities. He said the market has been much less impacted than other asset classes, as it’s non-correlated with…
Deer Park Road wins with legacy non-agency RMBS
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.