Mr A is 48, he's been the Pres and CEO & Director of Annaly Capital Management Inc since . Mr. Campbell previously served as Head of Business Operations of Annaly and has over 25 years of experience in financial services. Is this happening to you frequently? We don't complete clarity on the economy and some of that runoff could go into the agency sector. Ms. Williams has over 17 years of compensation and governance experience. Annaly Capital Management Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, insiders at Annaly Capital Management Inc, Stocks and cryptocurrency portfolio tracker. Prior to that, Mr. Finkelstein held senior Agency MBS trading positions at Salomon Smith Barney, Citigroup Inc. and Barclays PLC. From 1986 until 1990, he was Managing Director at Aetna Bond Investors where he was responsible for management of insurance company and pension fund portfolios. Most recently he exercised 31,721 units of NLY stock worth $179,224 on 30 June 2022. . David Finkelstein, Annaly's Chief Executive Officer and Chief Investment Officer, commented: "Since 1997, Annaly has become the largest mortgage REIT in the world and delivered $24 billion in . There are no executives at Annaly Capital Management Inc getting paid more. Maurion Davis on LinkedIn: #leader #citibank The corporate mailing address for Mr. Finkelstein and other Annaly Capital Management executives is 1211 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. Very helpful and one quick follow-up if I may, you mentioned in terms of the agency funding composition extending out the repo financing terms, wondering going forward, would you expect to either further lengthen the repo financing terms or maintain what you've been doing, thanks? We delivered an economic return of nearly 15% and achieved core earnings well in excess of our right size dividend. So we're very happy that the market picked up the slack and did a lot of that work. Consistent with that strategy, since the beginning of the second quarter, we added $1.125 billion of capacity across two new credit facilities for our residential credit group, the permanent nonrecourse financing. As an internally managed REIT, we look forward to demonstrating increased transparency and alignment with our shareholders who will benefit from our ability to be more nimble in the way we do business in order to generate long-term value. So given the slope of the curve, given the significant decrease in front end OIS rates to zero roughly, we took the opportunity to add hedges and move down the curve and better balance out the hedge profile to bring the average life to about half what it was at the end of the first quarter and it's still about twice the duration may be a little bit more than twice the duration of the asset portfolio currently, but at 40% hedge ratio being more -- a little bit over twice the duration you get to roughly 80% to 90% may be a little bit more interest rate protection assuming a parallel shift in the curve with a still slight steepening bias which we think is the appropriate approach. Okay. Content referenced in today's call can be found in our second quarter 2020 investor presentation and second quarter 2020 financial supplement, both found under the Presentation section of our website. None of Annaly's achievements would have been possible without . Learn More about David L. Finkelstein's net worth. View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005206/en/, Annaly Capital Management, Inc. This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as may, will, believe, expect, anticipate, continue, or similar terms or variations on those terms or the negative of those terms. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the Markets Group . Great. Compensation Ownership; David . david finkelstein annaly compensation. Dr. Hannan received a Ph.D. in Leadership Studies from Benedictine University and a B.A. NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") announced today the Board of Directors (the "Board") has elected David L. Finkelstein as its Chief Executive Officer and a . Mr has made over 9 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. So first of all with respect to the repositioning, what we experienced in the quarter was initially a pretty insignificant steepening of the curve, which we anticipated I think got to roughly 20 basis points to 25 basis points higher than it was now. On a more positive note, multifamily remained strong throughout the quarter. Prior to his roles at Con Forms, Mr. Hamilton spent 24 years in a number of leadership positions in the financial industry. Annaly Capital Management, Inc. Names David L. Finkelstein Chief Mr. David L. Finkelstein, C.F.A., serves as Chief Investment Officer of Annaly Capital Management, Inc. since November 16, 2022. . They provide a much better competitive profile with lower prepayment characteristics than the market, but generally speaking pool pricing can be variable and so that's probably the risk in any agency. No, it is not reflected in the funding cost. NEW YORK--(BUSINESS WIRE)-- I didn't in the prepared comments. While financial conditions have stabilized, there is still significant uncertainty around the long-term economic picture. Given this dynamic, we increased our TBA position in the quarter and gravitated further down in coupon. Mr has made over 9 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. Volatility is low and the fed is specifically directing volatility lower and they also happen to be a huge tailwind in terms of purchases of agency MBS, so the technicals are very favorable and to your point, it does appear to be a very good backdrop for the foreseeable future for agency. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . Ms. Bovich has a B.A. Mr. Votek holds a B.S. Now core earnings in Q2 were above that dividend and we expect them to be so in Q3. The oldest executive at Annaly Capital Management Inc is FrancineBovich, 68, who is the Independent Director. Annaly Capital Management, Inc. (NYSE:NYSE:NLY) Q2 2020 Earnings Conference Call July 30, 2020, 09:00 AM ET Company Participants Purvi Kamdar - Head, IR David Finkelstein - CEO & Chief. And as part of our preparation, we've chosen to be conservative with our leverage as well as our dividend. Last updated: 2 February 2023 at 6:03pm EST. We further reduced the LIBOR footprint of our hedge portfolio with our swap now 80% in OIS and we reinitiated our treasury future short position that was unwound in the first quarter. As a reminder, Annaly routinely posts important information for investors on the company's website at www.annaly.com. Yeah that's great. Everyone at Annaly contributes to our success and we're proud of the results that we've reported for the second quarter and expect to continue providing best in class results for our shareholders. Annaly Co-Founder Wellington J. Denahan to Retire from the Board after in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. New deal activity is primarily relegated to more broadly syndicated loans however, the context first lien executions on larger transactions have tightened 75 basis points to 100 basis points over the past quarter, while traditional middle-market has shown less movement in pricing. Francine J. Bovich was elected to serve as an independent director of Annaly in 2014. Compensation Information for David L. Finkelstein, Chief Executive Our next question comes from Doug Harter with Credit Suisse. The market dysfunction that occurred amid the initial COVID outbreak in the US has dissipated and we have seen significant improvement in liquidity and asset pricing. Also as David mentioned, our internalization transaction closed at the end of the quarter and we anticipate generating cost savings over the long time as we embark on being an internally managed company. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC. So it's not an apples-to-apples comparison. Thank you. Thank you for attending today's presentation. Now with respect to options, we did reinvest a lot of the runoff in our swap portfolio back in out of money options and I'll tell you going forward that will be a function of the level of implied volatility. And as a consequence of that portfolio, we did see a fair amount of appreciation in those pools in the second quarter as markets stabilize and that is one of the risks I think going forward. Mr. Hamiltons prior roles at Barclays include serving as the Global Head of Securitized Product Trading and Banking, in which capacity he was responsible for the build out of the Barclayss Global Securitized Product businesses, and as the Head of Municipal Trading and Investment Banking. Mr. Hamilton has served as an Owner and Director of Construction Forms, Inc. (Con Forms), an industrial manufacturing company, since 2013. The most active insiders traders include Wellington Denahan, Kevin Keyes, and David L Finkelstein. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020.
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