UCM Partners has launched the UCM MIDAS Fund, with $10 million in assets under management.

The fund is a private, co-mingled fixed income fund intended to maximize total return while limiting risk to capitalize on relative value opportunities in the RMBS, CMBS, and ABS sectors, according to a UCM press release. The fund’s target return is currently 25% -35%.

UCM’s Chief Investment Office Jay Menozzi is the manager of the fund.

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