Mike Chacos

WyeTree is an active manager which specializes in managing investment strategies related to the global residential mortgage and real estate markets, aiming to identify those securities with stable and predictable yield profiles which are improperly valued by the broader market. The firms utilizes their proprietary database and analytics to analyze mortgage level and local property dynamics. Their quantitative bottom-up approach enables them to forecast individual borrower and property value behavior resulting in monthly prepayment, default and loss severity vectors which are entered into a model used to assess the structure in which the mortgage and property cash flows are contained. They complement the analytic process with top-down research focused on identifying broader market trends and opportunities with a focus on dislocated markets. WyeTree targets a range of investments including structured securities such as RMBS, whole loan pools, corporate debt and equity and direct property acquisitions.