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Investors were waiting to see if they could get yield in other places and found it was not happening."The near-zero interest rate environment has investors starving for yield, and mortgage-related investments are seen as an attractive asset class with upside potential if the housing market picks up.On the other end of the credit spectrum, even so-called subprime mortgage bonds are attracting interest.Magnetar Capital Management, Neuberger Berman, Morgan Stanley, Goldman Sachs Group Inc and Stark Investments have all rolled out mortgage funds since the beginning of the year Toms Shoes Sale.Analysis: U.S. mortgage funds emerge even as housing stays weakWisconsin-based hedge fund Stark launched its Stark Mortgage Opportunities fund in the first quarter and has already raised $100 million with a target of $300 million, according to a source familiar with the portfolio. The Arizona Public Safety Personnel Retirement System committed up to $40 million in Stark's new vehicle New Toms Shoes.

The Magnetar Mortgage Securities Fund, which was created in response to investor demand according to a person familiar with the firm, had raised over $100 million as of March 13, according to a regulatory filing.Faisal Syed, who launched global credit-focused Pamli Capital Management in 2011 after five years with Highbridge Capital Management, scooped up battered non-agency U.S. mortgage bonds in the second half of last year when the European sovereign debt crisis erupted.Magnetar Capital Management, a $9 billion hedge fund known for earning big money by shorting tranches of subprime securities it sponsored during the housing bubble, also launched a new MBS-focused fund in March. Magnetar said in an email response that its portfolio was "market neutral" during the crisis.A number of hedge funds, asset managers and investment banks have launched vehicles dedicated to investing in the mortgage sector, often in securities backed by those loans, and sometimes focused on scooping up bargain-priced mortgages themselves."There is no shortage of money to be put to work in the distressed loan space," said Frank Pallotta,

Executive Vice President of Loan Value Group, who works with hedge fund investors focused on consumer mortgages.Subprime mortgage bonds, a historically volatile class of securities, rallied in the first quarter of 2012 Toms shoes outlet online. The Markit ABX.HE.AAA.06-1 tradable credit default swap index rose about 3.3 percent in the first three months of the year, after falling 3 percent in the second half of 2011. That Markit index references a basket of 20 subprime RMBS with an original rating of AAA that were issued to market in the second half of 2005.The mortgage fund, which will invest in the gamut of mortgage-backed securities, was created in large part as a response to investors looking to put money to work in that asset class. Stark raised a fund in 2011 for a short-term trade against subprime bonds. Stark co-founder Roth decline to comment on his new fund."On an absolute basis, both distressed MBS and home loans are still cheap relative to any other high yield sector," said Terrence Glomski, a managing director at Neuberger Berman Toms Outlet, which manages $193 billion in assets, who declined to comment on the new fund.Other large investment managers have also been ratcheting up their mortgage exposure, including DoubleLine Capital and PIMCO.Related articles Tom Shoes Huh? So what's it doing in The Onion? Toms Shoes Outlet Lauren Conrad Fashion - The Holl Toms shoes outlet online Hilary Duff - The Hollywood Gossip