We've been following the investment case for Fannie Mae and Freddie Mac for quite some time, and funds which have held the GSEs' preferred shares continue to benefit. Gator Capital Management is among those which have held Fannie shares for an extended period, and its first-quarter returns demonstrate continued success.
Q1 hedge fund letters, conference, scoops etc
According to its Q1 letter to investors, which was reviewed by ValueWalk, the fund gained 19.78% during the first quarter, outperforming its benchmark, the S&P 1500 Financials Index, which gained 8.66% during the quarter. The S&P 500 Total...
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