FIDAC
FIDAC is a wholly-owned subsidiary of Annaly Capital Management, Inc. Formed in 1994 by Michael Farrell and acquired by Annaly in 2004, FIDAC is a SEC registered investment advisor. FIDAC specializes in managing residential and commercial mortgage loans and securities, CDO liquidations and provides other financial services. The team that manages Annaly plays the same roles at FIDAC. FIDAC's team of investment professionals has built a successful long-term track record through some of the most challenging fixed-income markets in memory.
As a service provider to the public and private markets, FIDAC manages various investment vehicles including serving as external manager for Chimera Investment Corporation (NYSE:CIM) and CreXus Investment Corp.(NYSE:CXS).