Waterstone Fund Profits off Fannie Mae, Freddie Mac Shortshttp://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.
Waterstone Capital Reduces Fannie Mae Short Right Before Big Drop
by Michael Idehttp://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.
Waterstone Likes RBS; Closes Fannie Mae Short?
by Mark Melinhttp://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.