Tuesday, November 25, 2014

waterstone, Shorting F&F using warrants from US treasury?

Waterstone, Shorting F&F using warrants from US treasury?

Waterstone Fund Profits off Fannie Mae, Freddie Mac Shorts

http://www.valuewalk.com/2013/08/waterstone-fannie-mae-freddie-mac/

Waterstone’s bet against FFederal National Mortgage Association (OTCBB:FNMA) and Federal Home Loan Mortgage Corp (OTCBB:FMCC)  is risky in the sense that being the largest position of a $1.36 billion fund, it can seriously topple the fund’s standing if it goes south.

And then:

Waterstone Capital Reduces Fannie Mae Short Right Before Big Drop

http://www.valuewalk.com/2014/04/waterstone-capital-reduces-fannie-mae-short/

After taking a beating from shorting Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA), Waterstone Capital Management used the recent dip in price to cut its losses and reduce exposure to what is becoming a difficult-to -predict political risk. Waterstone’s Fannie Mae short lost 2.5% in February, according to its recent letter to investors.

And then:

Waterstone Likes RBS; Closes Fannie Mae Short?

http://www.valuewalk.com/2014/06/waterstone-fannie-mae/

Not mentioned in the report was Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA). As previously reported in ValueWalk, Waterstone reduced their Fannie Mae short exposure previous to the precipitous drop in the stock price.



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