About Semper Capital Management ®

Semper Capital Management, L.P. (Semper) is an independent investment management firm specializing in mortgage securities and other asset-backed investments. Semper offers institutional and high net worth investors access to multiple  securitized debt-centric investment platforms. In addition to being investment advisor to registered '40 Act funds, Semper offers private absolute return and index-based funds and institutional separately managed accounts (SMAs) with both absolute return and index-based strategies. Semper is Minority Business Enterprise (MBE) certified and has been an Securities and Exchange Commission (SEC)-registered investment advisor since 1992. The Securities and Exchange Commission (SEC) does not approve or disapprove of any investment.

Semper's Approach

Semper seeks to exploit ongoing inefficiencies and dislocation in structured credit markets with the objectives of: 1) maximizing risk adjusted total return; 2) preserving capital; and 3) maintaining ample near-term liquidity. We invest in Residential Mortgage-Backed Securities (RMBS), Commercial Mortgage-Backed Securities (CMBS) and Asset-Backed Securities (ABS) across the capital structure and credit quality spectra. Our approach combines rigorous quantitative analysis, including bottom-up, loan-level credit analysis and structural stress-testing with thoughtful qualitative analysis, leveraging our team's over 20 years of experience in the marketplace. This enables identification of potentially misunderstood and mispriced securities offering compelling risk/reward asymmetry.

 

Senior Management Team

Greg Parsons

Chief Executive Officer

Greg Parsons
Greg joined Semper Capital Management in 2008 as the Chief Operating Officer and in 2010 became the firm’s Chief Executive Officer. In addition to leading Semper Capital, Greg serves as Chairman of the Investment Committee and the Risk Management Committee and is a member of the Compliance committee. Prior to joining Semper Capital, Greg served as Founding and Managing Member of CP Capital Partners, LP. Greg previously served as an Associate Principal at McKinsey & Company in the Financial Services Group. Greg began his career over 19 years ago and served as a Captain and Infantry Officer in the United States Marine Corps. Greg earned an AB from Princeton University.

 

Tom Mandel, CFA

Co-Founder, Senior Managing Director & Senior Portfolio Manager

Tom Mandel
Tom co-founded Semper Capital Management in 1992 and was Chief Investment Officer from inception through 2005. He is a Senior Portfolio Manager with primary responsibility for the firm's index-based and short duration strategies. Tom serves on the Risk Management, Investment, and Compliance committees. Prior to founding Semper Capital, Tom served as a Principal and Fixed Income Portfolio Manager at 1838 Investment Advisors. He previously served as a Senior Vice President and Portfolio Manager at Century Institutional Advisors. Tom began his career in 1984 as a Portfolio Manager and Credit Manager at Chase Investors Management Corp. Tom earned an MBA and a BS from the University of Pennsylvania Wharton School.

 

Zach Cooper, CFA

Chief Investment Officer & Senior Portfolio Manager

Zach Cooper
Zach joined Semper Capital Management in 2015 as the Deputy Chief Investment Officer and assumed the role of CIO in January 2017. Zach is a Senior Portfolio Manager with primary responsibility for the firm’s absolute return and total return strategies. As CIO, Zach has primary oversight of all Semper investment activities. Zach has over 22 years of experience in the structured products market. Zach previously served as the CIO and Portfolio Manager of the Treesdale Rising Rates Strategy. Zach was responsible for all portfolio construction and investment decisions in the strategy, investing primarily in Agency MBS IOs and IOS. Prior to Treesdale, Zach served as Managing Director at the PrinceRidge Group and was the sole trader of all non-agency MBS and ABS products. From 2001-2008 Zach was a Senior Portfolio Manager at Highland Financial Holdings Group where he managed a $2 billion portfolio of RMBS and mortgage-related ABS. Zach began his career at Deutsche Bank Securities where he developed and ran proprietary securitization models and later managed a proprietary MBS derivatives portfolio. Zach earned a BA from Harvard University.

Gregory Ellis

President & Chief Operating Officer

Gregory Ellis
Greg joined Semper Capital Management in 2010 and serves as President & COO with overall responsibility for the firm’s execution and personnel. Greg serves on the Investment, Risk and Compliance Committees. Greg has over 22 years of experience in financial services. Prior to joining Semper Capital, Greg served as an Executive Director at J.P. Morgan and began his career on the mortgage-backed securities desk at Salomon Brothers. Greg earned an MBA from the University of Virginia Darden School of Business and a BA from Saint Lawrence University.

 

 

For more information about Semper Capital Management and our private funds and SMA strategies please visit www.sempercap.com.

"Semper Capital Management" is a registered trademark of Semper Capital Management, L.P.

 

Securities and Exchange Commission (SEC)