Distressed Mortgages

Todd Sherer joined Dalton in 2008 to invest in distressed mortgages in response to the tremendous opportunities that had arisen from the housing crisis. Mr. Sherer has more than 15 years of experience in distressed mortgages and whole loans, and is supported by a highly experienced investment team.

Mr. Sherer and his team seek to invest in off-the-run, distressed residential mortgage backed securities (RMBS) that are attractive based on their intrinsic cash flows under draconian assumptions, and allow for potential upside if losses come through more slowly than assumed or if home-owner refinancing increases and prices normalize. Returns are not dependent on the resale of bonds at higher prices or on portfolio leverage.  Interest rate hedges and short positions may be used if deemed beneficial to portfolio returns.

Qualified Investors can learn more about our strategies on the secure section of our website.  Register to determine eligibility and request a Username and password.  If you already have a Username and password, please click here to Log In.