Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Semper Capital Puts Its Faith In Housing Bonds: (SEMPX)

FYI: As a kid growing up in Connecticut, Tom Mandel was frustrated that the local newspaper only reported batting averages for the Boston Red Sox on Sundays—so he started calculating them himself. “Every day I’d look in the newspaper for the box scores for the previous day,” says Mandel, who is 60. “If Carl Yastrzemski was batting .300 going into yesterday’s game, and then he has two hits and four at bats, that raised his batting average.”

Though still a loyal Sox fan, Mandel’s propensity for math focuses on America’s other pastime—the housing market. The manager of the $2 billion Semper MBS Total Return fund (ticker: SEMPX) has followed mortgage-backed securities, or MBS, for most of his 35-year investment career.
Regards,
Ted
https://www.barrons.com/articles/semper-capital-puts-faith-in-mortgage-backed-bonds-51558561093?mod=past_editions

M* Snapshor SEMPX:
https://www.morningstar.com/funds/XNAS/SEMPX/quote.html

Lipper Snapshot SEMPX:
https://www.marketwatch.com/investing/fund/sempx
Sign In or Register to comment.