Gary Kain joined American Capital in January 2009 and currently heads the RMBS Team. Mr. Kain is also Senior Vice President and Chief Investment Officer of American Capital Agency Corp. (NASDAQ: AGNC), a portfolio company of American Capital. AGNC is a publicly-traded mortgage REIT, which invests exclusively in agency securities and is managed by an affiliate of American Capital.
Prior to joining American Capital, Mr. Kain served as Senior Vice President of Investments and Capital Markets of Federal Home Loan Mortgage Corporation ("Freddie Mac"). He also served as Senior Vice President of Mortgage Investments & Structuring of Freddie Mac from February 2005 to April 2008. Mr. Kain's group was responsible for managing all of Freddie Mac's mortgage investment activities for the company's $700 billion retained portfolio.
Previously, Mr. Kain was the head trader in Freddie Mac's Securities Sales & Trading Group where he was responsible for managing all trading decisions including REMIC structuring and underwriting, hedging all mortgage positions, income generation and risk management. Prior to his promotion to head trader in 1995, Mr. Kain served as a senior trader at Freddie Mac, responsible for managing the adjustable-rate mortgage and REMIC sectors. Mr. Kain joined Freddie Mac in 1988 as an analyst in the Financial Research Department.