Strategy-Driven Investing

Formed in 1997, SPM is a specialist fixed income manager focused on U.S. residential mortgage-backed securities (“MBS”), rates, volatility, and credit. The Firm has been investing in the mortgage market for 20 years, with approximately half of the team focused investing, research and risk management. The Firm’s senior investment team has been working together at SPM for nearly 15 years.

SPM invests across a broad mortgage landscape that is fueled by continued growth, issuance and evolution. The Firm focuses primarily in the Agency, CRT and non-Agency markets. SPM strives to create a non-correlated, persistent return stream that remains agnostic to the path of interest rates.

SPM is an SEC registered investment adviser*.

*Registration as an investment adviser with the SEC does not and should not be read to imply a certain level of skill or training.