Braddock Overview

Braddock Financial Corporation is an SEC-registered investment adviser that specializes in the structured finance sector of the fixed income market and invests primarily in MBS and ABS. The company was established in 1994 by Harvey Allon, and currently employs a team of more than 20 professionals.

Since our inception, we have constructed and actively managed funds that are largely comprised of the subordinate classes of structured finance transactions. We currently manage four private investment funds and serve as a CDO collateral manager. Our assets under management total more than $150 million dollars.

One of Braddock's key differentiators is our extensive experience investing in the structured finance market and our successful track record investing across various market cycles. Braddock's principals average more than 15 years of investment experience in the MBS and ABS markets. Our experience and the relationships that we've formed over the years give us an edge in identifying attractive investment opportunities.

Our thorough understanding of the market and of individual deal structures allows us to identify opportunities that create value for investors. Our portfolio management team uses rigorous qualitative and quantitative analysis tools that incorporate elements that we know to be essential for successfully evaluating risk based on our years of experience in this market.

The primary components of Braddock's portfolio management process are:

• Investment strategy : We focus on relative and absolute value in order to identify opportunities in MBS and ABS markets. Our approach to investing is to conduct a bottom-up analysis, which takes into account specific asset characteristics, deal structure, market conditions and the overall economic environment, all within the context of the stated parameters of a given fund's investment policy.
• Portfolio construction : We have a disciplined quantitative and qualitative process for selecting individual investments and ensuring appropriate portfolio structure and diversification. Our contacts on Wall Street and our relationships throughout the structured finance market allow us to stay well-informed of market developments and attractive investment opportunities.
• Risk management : We continually monitor and actively manage our portfolios. A key element of our risk management process is a disciplined approach to buying, selling and hedging activities in order to maximize the total return of the portfolio.