![Michael A. J. Farrell](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="%231b1b1b" class="bi bi-person-fill" viewBox="0 0 16 16"><path d="M3 14s-1 0-1-1 1-4 6-4 6 3 6 4-1 1-1 1zm5-6a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/></svg>)
Michael A. J. Farrell
Keine laufenden Positionen mehr
Profil
Michael A. J.
Farrell is the founder of two companies.
He founded Fixed Income Discount Advisory Co. in 1994 and Annaly Capital Management, Inc. in 1996.
At Fixed Income Discount Advisory Co., he held the titles of Chairman, President & Chief Executive Officer until 2012.
At Annaly Capital Management, Inc., he held the titles of Chairman & Co-Chief Executive Officer in 2012.
Mr. Farrell's former jobs include Managing Director at Schroder Wertheim & Co., Inc. from 1990 to 1992, Senior Vice President at Merrill Lynch & Co., Inc., Vice President-Trading at Morgan Stanley & Co. LLC, President at Citadel Funding Corp.
from 1992 to 1994, Trustee at Wake Forest University and Oratory Preparatory School, and Member-Executive Board at National Association of Real Estate Investment Trusts, Inc. in 2012.
He was also the Chairman of Maeve's Foundation.
Ehemalige bekannte Positionen von Michael A. J. Farrell
| Unternehmen | Position | Ende |
|---|---|---|
| ANNALY CAPITAL MANAGEMENT, INC. | Vorstandsvorsitzender | 21.10.2012 |
Fixed Income Discount Advisory Co.
 Fixed Income Discount Advisory Co. Investment ManagersFinance Fixed Income Discount Advisory Co. (FIDAC) invests in asset-backed securities including US residential mortgage-backed securities issued and guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. The firm seeks to earn positive net interest income from the difference between the yield on their securities and the cost to finance them. FIDAC structures their portfolio using the Annaly MBS Barbell Strategy. This strategy employs a combination of adjustable, floating and fixed-rate mortgage backed securities so that it can perform well throughout a variety of interest rate environments. All of FIDAC's securities are classified as available for sale; therefore, the entire portfolio is recorded at market value determined by the average price as determined by three independent sources. All of the securities are guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae which carry actual or implied AAA ratings and have virtually zero credit risk exposure. FIDAC has not needed to introduce credit risk into their portfolio to achieve favorable returns. All their assets can be easily priced and traded in the MBS market, so book value fairly approximates liquidation value. FIDAC uses the repurchase markets to finance the acquisition of their investments. They employ other strategies to manage risks associated with leverage including (1) leveraging only liquid assets that are easily priced and have well-defined active markets (2) utilizing self-imposed limits on the amount borrowed from any one lender (3) diversifying counterparty risk by maintaining credit relationships and open financing lines with many high quality lenders and (4) maintaining optimal levels of leverage to protect against margin calls. Chimera Investment Corp. is a specialty finance REIT that invests in residential mortgage loans, real estate-related securities and various other asset classes. CreXus Investment Corp. is a REIT that acquires, manages and finances commercial mortgage debt. | Gründer | 21.10.2012 |
National Association of Real Estate Investment Trusts, Inc.
 National Association of Real Estate Investment Trusts, Inc. Real Estate Investment TrustsFinance Real Estate Investment Trust/REIT | Direktor/Vorstandsmitglied | 11.04.2012 |
Oratory Preparatory School
 Oratory Preparatory School Other Consumer ServicesConsumer Services Functions as a College/University | Direktor/Vorstandsmitglied | 21.10.2012 |
Wake Forest University
 Wake Forest University Other Consumer ServicesConsumer Services Functions as a College/University | Direktor/Vorstandsmitglied | 21.10.2012 |
Erfahrungen
Besetzte Positionen
Aktive
Inaktive
Börsennotierte Unternehmen
Private Unternehmen
Beziehungen
32
Beziehungen ersten Grades
10
Unternehmen ersten Grades
Herr
Frau
Aufsichtsräte
Führungskräfte
Unternehmensverbindungen
| Private Unternehmen | 10 |
|---|---|
Merrill Lynch & Co., Inc. /Old/
 Merrill Lynch & Co., Inc. /Old/ Investment Banks/BrokersFinance Provides wealth management, securities trading and sales, corporate finance and investment banking services | Finance |
Annaly Capital Management, Inc.
 Annaly Capital Management, Inc. Real Estate Investment TrustsFinance Operates as real estate investment trust which invests in residential mortgage-backed securities | Finance |
Morgan Stanley & Co. LLC
 Morgan Stanley & Co. LLC Investment Banks/BrokersFinance Provides brokerage services | Finance |
Wake Forest University
Wake Forest University Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
Schroder Wertheim & Co., Inc.
 Schroder Wertheim & Co., Inc. Investment Banks/BrokersFinance Provides securities brokerage services | Finance |
Fixed Income Discount Advisory Co.
Fixed Income Discount Advisory Co. Investment ManagersFinance Fixed Income Discount Advisory Co. (FIDAC) invests in asset-backed securities including US residential mortgage-backed securities issued and guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. The firm seeks to earn positive net interest income from the difference between the yield on their securities and the cost to finance them. FIDAC structures their portfolio using the Annaly MBS Barbell Strategy. This strategy employs a combination of adjustable, floating and fixed-rate mortgage backed securities so that it can perform well throughout a variety of interest rate environments. All of FIDAC's securities are classified as available for sale; therefore, the entire portfolio is recorded at market value determined by the average price as determined by three independent sources. All of the securities are guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae which carry actual or implied AAA ratings and have virtually zero credit risk exposure. FIDAC has not needed to introduce credit risk into their portfolio to achieve favorable returns. All their assets can be easily priced and traded in the MBS market, so book value fairly approximates liquidation value. FIDAC uses the repurchase markets to finance the acquisition of their investments. They employ other strategies to manage risks associated with leverage including (1) leveraging only liquid assets that are easily priced and have well-defined active markets (2) utilizing self-imposed limits on the amount borrowed from any one lender (3) diversifying counterparty risk by maintaining credit relationships and open financing lines with many high quality lenders and (4) maintaining optimal levels of leverage to protect against margin calls. Chimera Investment Corp. is a specialty finance REIT that invests in residential mortgage loans, real estate-related securities and various other asset classes. CreXus Investment Corp. is a REIT that acquires, manages and finances commercial mortgage debt. | Finance |
National Association of Real Estate Investment Trusts, Inc.
National Association of Real Estate Investment Trusts, Inc. Real Estate Investment TrustsFinance Real Estate Investment Trust/REIT | Finance |
Citadel Funding Corp.
 Citadel Funding Corp. Investment Banks/BrokersFinance Operates as a broker dealer | Finance |
Oratory Preparatory School
Oratory Preparatory School Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
Maeve's Foundation |
