Top-Ranked Bond Manager Itching for New Breed of Risky Mortgages

Brad Friedlander of Angel Oak Capital Advisors has ranked among the top 6 percent of his peers by betting on boom-era U.S. housing debt in his $4 billion mutual fund. He’s now eager to buy bonds backed by riskier new mortgages that private lenders had until recently abandoned.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.