Savvy Plays in MBS

The market is a wreck, but those who know the ropes in mortgage-backeds are finding ways to profit.


By Neil O’Hara


The credit crisis whacked the mortgage-backed securities market worse than any other asset class, but hedge funds that specialize in these assets, such as Pine River Capital, FrontPoint Partners and Sorin Capital, have made spectacular returns this year amid the wreckage.

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