SOURCE: Smith Breeden Associates

Smith Breeden Associates

March 07, 2013 08:30 ET

Carl Bell Joins Smith Breeden Associates

DURHAM, NC--(Marketwire - Mar 7, 2013) - Michael J. Giarla, CEO, today announced that Carl D. Bell, CFA, has returned to Smith Breeden Associates as a Principal and Senior Portfolio Manager. Smith Breeden Associates is a research-driven global institutional asset management firm.

As a senior member of the Firm's investment team, Mr. Bell will focus on the analysis and trading of structured credit, including securities backed by non-Agency residential and commercial mortgages, and consumer receivables such as credit cards and auto loans. He will also continue to serve on Smith Breeden's Board of Directors; Mr. Bell has served as an outside director since 2011.

"We're very fortunate to have Carl joining the Smith Breeden investment team. With more than two decades of fixed income investment management experience, we're confident he will be a tremendous asset to Smith Breeden and our clients," Mr. Giarla stated.

During his 22 years managing fixed income investments, Mr. Bell has developed specialized expertise in the areas of structured credit instruments, including deep experience in high yielding distressed real estate credit.

Most recently, Mr. Bell was co-Founder of Five Ten Capital, a real estate investment management firm focused on deploying capital into distressed single-family homes through an "REO to rental" strategy. Earlier, Mr. Bell served as Managing Director and Team Leader for Structured Credit at Putnam Investments (1998-2011). Prior to that (1991-1997), he worked on a variety of portfolio management and advisory assignments and served as Director of Research at Smith Breeden Associates.

Mr. Bell holds an MBA from The Fuqua School of Business, Duke University where he was a Fuqua Scholar and received the James G. Hanes Scholarship. He earned a BS in Mathematics at Carnegie Mellon University.

About Smith Breeden Associates
Founded in 1982, Smith Breeden Associates provides full discretion fixed income asset management services to pension funds, endowments, foundations, funds-of-funds, and banks. Focusing primarily on the major U.S. fixed income sectors -- MBS, ABS, CMBS, corporate bonds, Treasurys -- Smith Breeden's product line includes a variety of traditional fixed income and absolute return strategies. Smith Breeden has a 30+ year history of pioneering work in developing and applying quantitative financial analysis to valuing and trading fixed income securities, including Agency and non-Agency mortgage-backed securities. More information about Smith Breeden Associates is available at www.smithbreeden.com.

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