(Reuters) A team of managers from fixed income hedge fund Structured Portfolio Managers are starting a new firm called Nara Capital Partners, co-founder Charles Smart said. Smart, who managed SPM’s Structured Servicing Holdings fund for the past six years, is leading Nara Capital alongside former SPM head of global marketing Alex de Calice.
New York-based Nara, which will launch its Nara Capital Master Fund in March with $150 million to $200 million in capital, will invest in both commercial and residential mortgage-backed securities.
