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SOURCE Cello Capital Management LLC
NEW YORK, May 9, 2014 /PRNewswire/ -- Cello Capital Management LLC ("Cello"), a Mortgage-Backed Securities ("MBS") investment manager, announces the addition of Nicholas Letica as a Managing Director and Senior Portfolio Manager.
"With steady growth and strategic hires such as Nick over the past five years, Cello has established itself as a leading Agency MBS manager," said Antoine Schetritt, Managing Member and Chief Investment Officer of Cello. "I've known or worked with Nick for 14 years, and I'm excited to add his knowledge of MBS markets to the portfolio management team as Cello continues to expand its capabilities."
Schetritt founded Cello in 2009 as an investment advisory firm that effaced the traditional boundaries between portfolio management, research and information technology to capitalize on opportunities within the housing finance sector. Cello's flagship fund, Cello Fixed Income Master Fund, launched in January 2010 with a focus on Agency MBS. The firm also manages bespoke Agency MBS portfolios.
Letica brings to Cello 27 years of MBS experience as a managing director in senior leadership roles in MBS Trading at Bear Stearns, Deutsche Bank and HSBC, and Portfolio Management at Bankers Trust. Letica graduated from Johns Hopkins in 1984 with a B.S. in Chemical Engineering.
About Cello Capital Management
Cello Capital Management is a U.S. housing finance-focused investment manager with approximately $500 million AUM. Cello leverages its deep and specialized knowledge in fixed income trading and structured products to pursue an Agency mortgage-backed securities ("MBS") arbitrage strategy on behalf of a global investor base of institutional and high net worth clients. Cello's 14 team members are led by the founder, Antoine Schetritt, who has 23 years of experience in the fixed-income markets encompassing trading, research, and risk management, including heading the residential MBS businesses at Banc of America Securities and Citadel.
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