About Us
COMMITTED TO INVESTMENT EXCELLENCE. ALWAYS.
Semper Capital Management, L.P.
Semper Capital is an independent investment advisor specializing in structured products with a focus on mortgage-backed securities
30
Years Pursuing
Investment Excellence
Our History
1992
Firm co-founded by Tom Mandel to manage fixed income portfolios for institutional pensions and corporate treasurers.
1999
Mortgage specialist investment team absorbed to complement broader fixed income expertise.
2008
Strategy specialization focuses on mortgages.
2010
Launch of short duration fund, SEMIX.
2013
Launch of total return mortgage mutual fund, SEMMX.
2018
Launch of MBS UCITS Fund.
Senior Team
Greg Parsons
Chief Executive Officer
In addition to leading the business of Semper Capital, Greg serves as Chairman of the Investment and Risk Management Committees and is also a member of the Compliance Committee.
Thomas Mandel, CFA
CO-FOUNDER & CHIEF
INVESTMENT OFFICER
In addition to leading the business of Semper Capital, Greg serves as Chairman of the Investment and Risk Management Committees and is also a member of the Compliance Committee.
Stephen Ellwood
CHIEF OPERATING OFFICER &
CHIEF COMPLIANCE OFFICER
In addition to leading the business of Semper Capital, Greg serves as Chairman of the Investment and Risk Management Committees and is also a member of the Compliance Committee.
Vesta Marks
Portfolio Manager & Head of Trading
Vesta serves as Portfolio Manager and Head of Trading. He is a member of the Firm’s Investment and Risk Committees.Â
Approach
Semper Capital seeks to exploit ongoing inefficiencies and dislocations in the structured products market with the objectives of:
- Maximizing risk adjusted total return;
- Preserving capital;
- Maintaining ample near-term liquidity
We invest in Legacy (pre-crisis) and Next Generation (post-crisis) Residential Mortgage-Backed Securities (RMBS), Commercial Mortgage-Backed Securities (CMBS) and other structured product investments across the capital structure and credit quality spectra. Semper’s asset selection process involves in-depth collateral analysis with a focus on structure, relative value and market technicals. The allocation of capital is determined by the relative value opportunity against the backdrop of each sector’s depth and liquidity.
Offerings
Customized, actively managed separate accounts to accommodate specific institutional client mandates. Historically, accounts have been managed to outperform a benchmark fixed income index.
An opportunistic fixed income strategy designed to provide low correlation to core fixed income while offering current yield, low interest rate sensitivity and limited downside volatility.
An ultrashort fixed income strategy offering low correlation to short and core fixed income, with current yield, low interest rate sensitivity, and seeking to limit downside volatility.
