SPM LLC

Formed in 1997, SPM is a specialist fixed income manager focused on U.S. residential mortgage-backed securities (“MBS”), rates, volatility, and credit. The >$2bn Firm is entering its 20th year of business and employs over 30 professionals, with approximately half the personnel focusing on investing, research and risk management. The Firm’s senior investment team has been working together at SPM for nearly 15 years. SPM invests across a broad mortgage landscape that is fueled by continued growth, issuance and evolution. The Firm focuses primarily in the Agency, CRT and non-Agency markets. SPM strives to create a non-correlated, persistent return stream that remains agnostic to the path of interest rates. SPM is an SEC registered investment adviser.