Todd Leih has joined 400 Capital Management as a partner and senior member of the portfolio management team. Todd joined the Firm from Jane Street where he was a senior portfolio manager for distressed fixed income structured finance strategies. Prior to Jane Street, Todd was a senior trading and risk manager at Banc of America Securities focusing on non‐agency mortgage credit and derivative strategies.

Todd will be joining the portfolio management team with Alex Cha and Kai Fung. He will also be a member of the Firm's Investment and Operating Committees. 400 Capital was established in October 2008 by Chris Hentemann, a twenty year veteran of the securitized credit markets.

400 Capital is an active investor in the credit markets and is an investment specialist focusing on residential and commercial mortgage and consumer ABS markets. "There is an exceptional opportunity in the securitized credit markets. It is imperative to have a strong team with complimentary skill sets and deep industry experience," commented Chris Hentemann. "We are excited to build out our team with Todd joining the team. Todd brings strong investment, trading and risk management skills to our Firm that will differentiate us from our peers."

"I am delighted to be joining Chris, Alex and the 400 Capital team," Todd stated. "The structured finance market has an outstanding opportunity to provide exceptional returns and I am confident that 400 Capital is well positioned to produce for its clients."