What is Annalys relationship to FIDAC?
• FIDAC is the wholly owned subsidiary of Annaly Capital Management, Inc. The team managing Annaly fulfills the same roles at FIDAC. The team is led by Chairman Michael A.J. Farrell and Chief Investment Officer Wellington Denahan-Norris. FIDAC’s team of investment professionals, trained in-house and expert at all phases of the investment process, has built a successful long-term track record through some of the most challenging fixed income markets in memory. Annaly receives dividends from FIDAC, which earns investment advisory fee income.
