Semper In The News

Bloomberg interview on June 3, 2019 with Semper CEO Greg Parsons discussing where he is seeing opportunities in the MBS market.

CNBC Fast Money

 

 

JUN 3, 2019 Greg Parsons on Bloomberg Markets discussing where he is seeing opportunities in the MBS market
AUG, 2018 Pensions & Investments: Semper helping children of Marines get an education
FEB, 2018 Bloomberg: Credit Sector Insulated From Macro Volatility? Securitized Bonds
JAN, 2018 Structured Credit Investor: Non-QM tipped as ’next opportunity’

 

 

Market Perspectives

FEB, 2018 Semper Update on GSE Credit Risk Transfer (CRT): Duration Matters
NOV, 2017 Structured Credit—Navigating Ahead/2017's Strengths in Domestic Housing, Credit, and US Economy to Hold Strong
AUG, 2017 Non-performing Loans/Re-performing Loans: Attractive Exposure to the US Post-Crisis Housing Market
JUN, 2017 Structured Credit: Semper's Mid-year Outlook
MAY, 2017 Semper on GSE Credit Risk Transfers (CRTs)
APR, 2017 The Case for Investing in Non-Agency RMBS in a Time of Rising Interest Rates and Strengthening Economic Conditions
MAR, 2017 Semper's Outlook for Non-Agency RMBS in Light of a March Rate Hike
OCT, 2015 Semper MBS Total Return Fund: a History of Steady Returns in Periods of Rising Rates
OCT, 2015 Trust Preferred CDOs (TruPS CDOs): An Attractive Opportunity for Yield in Structured Credit
APR, 2015 The case for investing in the Non-agency RMBS market in a time of rising interest rates

 

Press Releases

SEP 18, 2018 Semper Capital Management Named a 2018 Finalist For Prestigious U.S. Chamber Foundation Corporate Citizenship Awards
JUL 24, 2018 Semper MBS Total Return Fund Reaches 5-Year Milestone
JUL 12, 2018 Semper Capital Management Announces Partnership with the Marine Corps Scholarship Foundation
MAR 7, 2018 Semper Capital Management Passes $2 Billion in Assets Under Management
 

Click here to view interview.

Definitions:

Bloomberg Barclays Aggregate Index: a market capitalization-weighted index, meaning the securities in the index are weighted according to the market size of each bond type. The index includes Treasury securities, Government agency bonds, Mortgage-backed bonds, Corporate bonds, and a small amount of foreign bonds traded in U.S. One cannot invest directly in an index.

Duration: measure of a bond or bond portfolio's sensitivity to changes in interest rates. Generally, the longer the duration, the greater the price change relative to interest rate movements.

Definitions:

Coupon - The annual interest rate paid on a bond, expressed as a percentage of the face value.
LTV – The ratio of a loan to the value of an asset purchased.
Cash Flows - Mortgages typically have required monthly interest and principal payments which are collected by servicers of mortgage-backed securities trusts, which in turn distribute these payments to MBS investors.
Libor – London Interbank Offered Rate.
Tranche - A portion of a pool of bonds with like attributes.
Beta - Risk associated with the market as a whole.
Duration - Measure of a bond or bond portfolio's sensitivity to changes in interest rates.
Bps - Denotes the change in interest rates or the yield of a fixed-income security (1/100th of 1%).
M1s - The most senior position of the offered tranches, by the GSEs, and generally is paid off prior to other offered tranches.

Definitions:

Cashflows: Mortgages typically have required monthly interest and principal payments which are collected by servicers of mortgage-backed securities trusts, which in turn distribute these payments to MBS investors.
Bps (Basis point): Denotes the change in interest rates or the yield of a fixed-income security (1/100th of 1%).

Definitions:

Tranche - A portion of a pool of bonds with like attributes.
Duration - Measure of a bond or bond portfolio's sensitivity to changes in interest rates.
Cash Flow - Interest and principal payments required by mortgages which are collected by servicers of mortgage-backed securities trusts, which in turn distribute these payments to MBS investors.

Definitions:


Tranche - A portion of a pool of bonds with like attributes.
Duration - Measure of a bond or bond portfolio's sensitivity to changes in interest rates.
Basis Point - Denotes the change in interest rates or the yeild of a fixed-income security (1/100th of 1%).
CMBX.6 Index - A group of indexes made up of 25 tranches of commercial mortgage-based securities (CMBS), each with different credit ratings.
Libor - London Interbank Offered Rate.


Disclosure:

Credit Quality weights by rating are derived from the highest bond rating as determined by Standard & Poor's ("S&P"), Moody's, or Fitch. Bond ratings are grades given to bonds that indicate their credit quality as determined by private independent rating services such as S&P, Moody's, and Fitch. These firms evaluate a bond issuer's financial strength, or its ability to pay a bond's principal and interest in a timely fashion. Ratings are expressed as letters ranging from 'AAA', which is the highest grade, to 'D', which is the lowest grade. In limited situations when none of the three rating agencies have issued a formal rating, the Advisor will classify the security as nonrated.

Definitions:

Coupon - The annual interest rate paid on a bond, expressed as a percentage of the face value.
LTV – The ratio of a loan to the value of an asset purchased.
Cash Flows - Mortgages typically have required monthly interest and principal payments which are collected by servicers of mortgage-backed securities trusts, which in turn distribute these payments to MBS investors.
Libor – London Interbank Offered Rate.
Tranche - A portion of a pool of bonds with like attributes.
Beta - Risk associated with the market as a whole.
Duration - Measure of a bond or bond portfolio's sensitivity to changes in interest rates.