St. Anthony: Pine River takes on housing bust as investor and landlord

  • Article by: NEAL ST. ANTHONY , Star Tribune
  • Updated: May 26, 2013 - 10:56 AM

The sharp guys who run Minnetonka-based Pine River Capital Management dove early into the depressed mortgage-backed securities market in 2009 through their publicly traded Two Harbors investment trust. In less than four years, the trust delivered a whopping 130 percent total return to investors.

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