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Investment Guru John Keeley Comments on Walter Investment Management

March 26, 2013 | About:

Holly LaFon

249 followers
Walter Investment Management (WAC) was the largest contributor to the portfolio's results in 2012. The mortgage servicer benefited from the challenges of the larger mortgage players that have been looking to reduce their exposure to mortgage related assets. Walter has successfully acquired these assets at a meaningful discount and the position added 151 basis points of performance in 2012 after rising over 109 percent for the year.

From Keeley Funds' fourth quarter 2012 investor letter.


Rating: 2.5/5 (2 votes)

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