Bill Roth, who ran a Citigroup proprietary trading effort in mortgage- and asset-backed securities, has joined Pine River Capital Management to serve as a mortgage portfolio manager and co-chief investment officer of a new real estate investment trust the firm has formed under its Two Harbors Investment subsidiary. From 1981 to 2004, Roth was part of the Salomon Brothers/Citi mortgage sales team.
Roth will co-manage the vehicle with Steve Kuhn, head of fixed-income trading and portfolio manager of Pine River’s Nisswa Fixed Income Fund. Two Harbors will pursue a relative-value residential mortgage-backed securities strategy.
Katrina Dean Allen
