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.
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