White Elm Takes Hit and Exits Ocwen and Affiliated Firms

Matthew Iorio’s hedge fund fell 13 percent in 2014, in part from regulatory problems at the big mortgage servicer

Matthew Iorio’s Greenwich, Connecticut-based hedge fund firm, White Elm Capital, has fully exited big bets on mortgage loan servicer Ocwen Financial Corp. and two toxic affiliated companies.

However, its hedge fund, White Elm Capital Partners, still was unable to stop the bleeding in the fourth quarter, losing about one percent for the period.

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