Annaly's Farrell no stranger to volatile markets

03/11/2008 | Real Estate Portfolio

Annaly Capital Management Inc. founder and CEO Michael A.J. Farrell has built the 11-year-old company into a real estate sector darling by focusing on mortgages in which the principal and interest are guaranteed either directly by the federal government or by a related agency. In an interview, Farrell said his experience has poised him to deal with volatile markets like the current conditions now hampering the sector. "From that experience with volatile markets, I developed a base of knowledge that grew over time as my career progressed to different levels of front-office business development," he said.

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