Asset Management

Annaly Capital Management adds shareholder value through its wholly-owned asset management subsidiaries, Fixed Income Discount Advisory Company (FIDAC) and Merganser Capital Management.

Formed in 1994, FIDAC is one of the leading fixed income management companies in the world specializing in interest rate and credit sensitive strategies. FIDAC is also the leading auction agent for liquidating CDOs.  Annaly acquired FIDAC in June 2004. To learn more about FIDAC Click Here.

Formed in 1985, based in Boston, and acquired by Annaly in November 2008, Merganser Capital Management extends Annaly’s asset management platform into traditional fixed income strategies for institutional clients.  To learn more about Merganser Click Here.