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Longtime Executive Leaving Annaly

OCT 16, 2013 6:04pm ET
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Annaly Capital Management Inc. managing director Jeremy “Jay” Diamond says he is leaving the real estate investment trust that buys mortgage debt.

Diamond says in an email he has resigned from the New York-based company, calling it his “happy home for the past 12 years.” He had been a managing director and its head of research and corporate communications, according to its website. Before joining the firm, he was president of Grant’s Financial Publishing, publisher of Grant’s Interest Rate Observer.

Annaly owned $102 billion of assets as of June 30. The company’s shares fell 9.6% this year through Oct. 15, assuming reinvested dividends, after concern that the Federal Reserve would reduce its bond buying roiled credit markets.

Willa Sheridan, a spokeswoman for the company, declined to comment.

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