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Why does Chimera have the same management team as FIDAC and Annaly?

April 26, 2017annaly chimera fidac Management TEAM

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Why does Chimera have the same management team as FIDAC and Annaly?

1 Answer

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Chimera was founded by Annaly. As Annalys investment strategy is so different than Chimera’s, Chimera was launched as a separate company, the investments of which are managed by FIDAC. Annaly Currently owns 6.71% of Chimeras stock so that its interests are aligned with those of Annaly and FIDAC.