Jake Freifeld

Portfolio Manager. Fixed Income. Focused on distressed mortgages, aircraft leases and other esoteric bond cash flows.

[Jake Freifeld @jake_f]

Finally! Hentemann: "[now] opportunities are more for the domain of [MBS] specialists than drive-by investors." http://t.co/tjXnqNQNsk

[Jake Freifeld @jake_f]

Structured Asset Securities Corporation #IYKYK #SASC #RMBS

[Dow @mark_dow]

There are a ton of smart ppl who just can't buy high. They're hard wired this way. Their disposition won't let them. They are always bearish tech and always bullish things like oil, bc oil is tangible and always looks relatively cheap. Oil is the ultimate chicken beta play.

These types may sound smart, but they will never be great--or even good--investors if they can't ever get themselves to buy a chart like this. And listening to them drone on about valuations and blame the Fed whenever reality disagrees with them is never ever going to make you any money.

[Jake Freifeld @jake_f]

@mark_dow Yes. A thousand times yes. A real pro can triple their exposure even when the position has already gained 50%. Yet it's amazing how few pros are not "real pros" and cannot bring themselves to do this. If the trade is not over, increase your position.

[Jake Freifeld @jake_f]

@nope_its_lily I like this for many reasons, but I would point out that you have 75% allocated to leveraged loans here. JAAA is the top of the stack, but still fully tied to the same assets that are in BKLN (which has no structure). CMBS is different, but comes from a correlated sector. $TLT?

[EM Credit Hedge Fund @em_credit_fund]

I don't know what to tell you all, but when we are talking about EM distressed credit on Bloomberg TV... we are closer to the end then the beginning of the rally... the best time to buy em credit is when you get laughed out the room for bringing it up, not invited on tv...

[Jake Freifeld @jake_f]

@tracyalloway Because Jane Street's OCAML code is keeping the arb closed 24x7

[Scott Nover @ScottNover]

the people who want to ban tiktok would think differently if they followed my favorite account, which is called @unclogging_drains

[Jake Freifeld @jake_f]

@bennpeifert I would add that it helps to "autopsy" several hedge fund startups that didn't make it. I learned a lot from this, specifically how to balance the rate at which AUM increases (often more slowly than expected) and the rate at which you are spending money to run the business.

[Jake Freifeld @jake_f]

CCC yields have more than doubled in the past 12 months. For obvious reasons. But the effect on HY issuers, CLOs, etc is increasing every day.

[Jake Freifeld @jake_f]

@isosteph Missing: Torrey Pine

[Jake Freifeld @jake_f]

@girdley Nice thought, but Google has filters/algorithms to filter out a lot of these "bad" clicks in order to provide better "quality" to advertising clients

[Jake Freifeld @jake_f]

🚨 New Zohar III LLC 🚨
#Bullish
#IYKYK

[Jake Freifeld @jake_f]

@bennpeifert @KrisAbdelmessih I'll gladly shoot the video, I'm just down the road

[Jake Freifeld @jake_f]

One Euro is still worth one Euro

[Jake Freifeld @jake_f]

@Bonecondor $HOOD $PTON $ZM

[Jake Freifeld @jake_f]

$ZM now back to March 2020 levels

[Jake Freifeld @jake_f]

Biotech is now below Feb 2020 levels
$XBI

[Jake Freifeld @jake_f]

Gotta short 'em all