Posts by author
Leland Abrams, Portfolio Manager
Leland Abrams serves as Chief Investment Officer for the investment manager, Wynkoop LLC. Leland is Lead Portfolio Manager of an NARMBS income-oriented fund at Catalyst Funds. Prior to joining Wynkoop in September 2016 as Principal and Portfolio Manager, Mr. Abrams spent five and a half years at Candlewood Investment Group LP. Most recently, he was the RMBS Sector Manager responsible for overseeing approximately $1 billion in RMBS investments across the firm. Previously, Mr. Abrams spent two and a half years as a non-agency mortgage and esoteric ABS trader and credit analyst at United Capital Markets, Inc. Prior to that, Mr. Abrams was a Credit Analyst and Trader at Dresdner Bank, AG (Dresdner Kleinwort Wasserstein). Mr. Abrams holds a B.A. in Economics from Bucknell University. Mr. Abrams served as a Director and member of the Audit Committee for Front Yard Residential Corp, a public REIT headquartered in Christiansted, VI until the company’s sale in January 2021.
Instant Fed Reaction – Fed Raises Rates 25 bps; Pause Ahead?
Following the Federal Open Market Committee’s decision to raise interest rates 25 bps this afternoon, Leland Abrams, portfolio manager of a fixed income fund, provided his initial market insights.
The Future Of Mortgage Rates & U.S. Real Estate With Leland Abrams
Leland Abrams recently joined Alexander Fleiss at Rebellion Research for a lively discussion.
How to Hedge Interest Rates Using Mortgage Bonds
Agency mortgages are those that are explicitly or implicitly guaranteed by the government. There are three GSEs (Government Sponsored Entities); Fannie Mae, Freddie Mac, and Ginnie Mae. GSE mortgages and bonds backed by those mortgages have no credit risk, but do have interest rate risk.
Top Mortgage Bond Manager of 2019 Discussed Unprecedented Investing Opportunity in Senior, Seasoned Mortgage Bonds
Even though there are many unknowns, we believe there to be extremely low credit risk to many bonds that we can buy in this “once in a life-time opportunity” for the second time in my 15-year career.