The hedge masters.

The article focuses on the expertise of Gregg Smith and Douglas Breeden of consulting group Smith Breeden Associates in the money market. It states that the partnership has acquired annual fees of $7 million from savings and loans executives who need advises about hedging. It indicates that foreclosures determine prepayment rates and that geography insights do not benefit individual buyers. Moreover, it stresses that executives must be mediators of mortgage depositors and borrowers.