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Dan Hung
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NWQ Managers Buy Arlington Asset Investment Corporation (AI)

June 11, 2009 | About:
(GuruFocus, June 11, 2009) Investment Gurus at NWQ Managers have recently initiated a new position in mortgage REIT Arlington Asset Investment Corporation (NYSE:AI), formerly Friedman, Billings, Ramsey Group Inc.(NYSE:FBR). On May 29, 2009, NWQ bought 5.6 million shares of FBR at the average price of $0.38 per share.

Arlington Asset Investment Corporation (NYSE:AI), formerly Friedman, Billings, Ramsey Group, Inc., invests on a leveraged basis in residential mortgage-backed securities (MBS), including collateralized mortgage obligations (CMOs), either issued by a United States Government agency, or guaranteed as to principal and interest by United States Government agencies or United States Government-sponsored entities. Arlington Asset Investment Corporation has a market cap of $70 million; its shares were traded at around $0.44 with and P/S ratio of 0.1.

On June 5, the company announced to assume the name of Arlington Asset Investment Corporation (NYSE:AI), a change from the previous name of Friedman, Billings, Ramsey Group, Inc., in order to distinguish the company from FBR Capital Markets (FBCM). The change is effective on June 10, 2009.

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About the author:

The Curious Investor is a stock investing blog written by Daniel Hung. The blog's aim is to provide both educational and informational articles on stock investing concepts, strategies, and potential targets. The author hopes that these articles will allow him and others to make informed and profitable investment decisions. Further, he invites readers to respond via comments or e-mail and participate in constructive discussion. Daniel Hung started The Curious Investor as a student at Columbia University and it blossomed into a passion for investing and finance he hopes to share with others. He now works for a private investment fund in New York, NY. For more articles and tutorials please visit:

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