Value in Non-Agency RMBS
ALM First recently added an allocation to non-agency Residential Mortgage-Backed Securities (RMBS) in its Core Spread Portfolio. In this webinar, ALM First’s Investment Management Group will review the current landscape for non-agency MBS and assess opportunities and risks for clients for investing in the sector. There have been many changes in collateral characteristics and deal structuring in recent years, and a portfolio allocation to the sector can provide diversification benefits to other agency investments. Please join us to learn more about this investment and how it fits in a diversified short-duration portfolio.
Managing Director, Investment Management Group
Jason Haley is the Managing Director at ALM First Financial Advisors, joining the firm in 2008. He heads ALM First’s Investment Management Group (IMG) and is portfolio manager for the Trust for Credit Unions mutual funds. IMG is responsible for leading the investment process and investment theme development for the firm, and Jason oversees all capital markets activities, including portfolio management, trading, market research & commentary, and execution of hedging and funding strategies for the firm’s depository clients.
Director, Investment Management Group
Michael Oravetz joined ALM First Financial Advisors in 2016. He is responsible for trading, portfolio management, and investment theme development inside the Investment Management Group, with a primary focus in credit products. Additionally, Michael serves in a client servicing capacity, delivering holistic balance sheet strategy downstream to depository clients including loan and deposit pricing, and the execution of funding and hedging strategies. Michael also participates in implementing firm-wide strategic initiatives and has assisted in ALM model validations, and whole loan valuation.
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