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Annaly’s Diamond Leaving Largest Mortgage REIT After 12 Years

Oct. 16 (Bloomberg) -- Annaly Capital Management Inc.’s Jeremy “Jay” Diamond said he is leaving the largest real-estate investment trust that buys mortgage debt.

Diamond said today in an e-mail he has resigned from the New York-based company, calling it his “happy home for the past 12 years.” He had been a managing director and its head of research and corporate communications, according to its website. Before joining the firm, he was president of Grant’s Financial Publishing, publisher of Grant’s Interest Rate Observer.

Annaly owned $102 billion of assets as of June 30. The company’s shares fell 9.6 percent this year through yesterday, assuming reinvested dividends, after concern that the Federal Reserve would reduce its bond buying roiled credit markets.

Willa Sheridan, a spokeswoman for the company, declined to comment.

To contact the reporters on this story: Jody Shenn in New York at jshenn@bloomberg.net;

To contact the editors responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net

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