NEW YORK, Sept. 8 /PRNewswire/ -- On July 31st UCM Partners, a private, minority-owned fixed income investment boutique with approximately $1.7 billion in assets under management, marked the one year anniversary of their Opportunistic Mortgage Strategy Fund (Fund). The Fund, which exceeded its absolute return target of 12% to 15% by more than double in its first year and currently has approximately $60 million in assets under management, is designed to capitalize on undervalued debt obligations, primarily within the residential mortgage-backed securities market. UCM Partners, which was founded in 1992, launched the Fund in August 2009 after a 10+ year successful track record in dedicated mortgage-backed securities (MBS) strategies.
The Fund is managed by UCM Partner's Chief Investment Officer, Jay Menozzi, CFA and Portfolio Managers Boris Peresechensky, CFA and Vesta Marks, CFA. The Fund's performance since inception is a result of an investment process based on UCM's proprietary analytical models developed to capitalize on undervalued cash flows of securities at the top of the capital structure within the residential MBS market.
"We are excited about the performance of our flagship fund as well as our overall platform of fixed income investment management products. We are well positioned with an experienced team, a strong and distinct investment process, a broadening platform of investment products based on our MBS experience and strong strategic partnerships, and of course our outstanding roster of institutional and fund investors," says Greg Parsons, UCM's CEO since May of this year after serving as the firm's COO.
UCM's CIO attributes the Fund's initial success to a combination of an improving market for non-agency MBS jumpstarted in part during 2009 by a number of government programs, along with UCM's quantitatively-based investment process for stress testing and valuing MBS cash flows at the loan level.
About UCM Partners
Founded in 1992, UCM Partners is an MBE certified and SEC registered private, minority-owned boutique investment advisory firm and an independent provider of fixed income investment management to the institutional and wealth management investment community. Headquartered in New York City, the firm also has offices in Orlando and Philadelphia. For more information, please visit www.ucmpartners.com.
SOURCE UCM Partners