CONFERENCE SPONSORS
The Midway Group
Since inception, Midway has focused on a niche within the U.S. residential mortgage market, the third largest debt market in the world. Midway is built on the idea that a specialized, research-driven approach to fundamental investing offers a way to harvest yield within the mortgage market. Midway has sought to produce attractive risk-adjusted returns across a variety of market conditions, through an all-weather approach wherein the firm seeks a bottoms up value driven market neutral approach to investing in the interest only components of the residential mortgage bonds market. The core principle of Midway's investment strategy is the idea that prepayment risk is different than the other risks that investors typically have in their portfolios. As such, the firm maintains a culture dedicated to the study and evaluation of factors that influence the mortgage borrower behavior. By following a disciplined value philosophy, Midway aims to generate an investment-driven, income-based return, as opposed to one predicated on short-term trading.
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