Legendary investor Carl Icahn is the latest member to join the GSE ownership club. According to an article published in the Wall Street Journal on Tuesday, June 3rd, Carl Icahn purchased about $50 million of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) common stock from Bruce Berkowitz’s Fairholme Fund back in March.
It should be noted that the U.S. Treasury owns unexercised warrants representing almost 80% of the common stock of both GSEs.
Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More