This content is from:xinyabo体育
Can Mortgage Mavens Pine River Find Success in Other Markets?
Savvy bets on housing-related bonds helped turn Pine River into a $14 billion powerhouse. But now the firm must prove it is more than an MBS machine.
Steve Kuhn doesn’t like to boast. Well, maybe he does, just a little. Pine River Capital Management earned an estimated $2 billion in profits in 2012 across its various funds through its subprime mortgage securities play, and the chatty chief of fixed income, who orchestrated the strategy, notes almost in passing
To continue reading,subscribe nowto Premium Journalism. Already a subscriber?Login.