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Get ARR alertsDesmond Macauley is recorded as CIO at Armour Residential REIT, Inc. (ARR). Armour Residential REIT, Inc. reported in an 8-K filed March 19, 2024 that Desmond Macauley was appointed Co-Chief Investment Officer, effective March 18, 2024. Desmond Macauley has spoken on 7 earnings calls across 1 company, most recently for Armour Residential REIT, Inc. on October 22, 2026. Armour Residential REIT, Inc. is classified in the REIT - Mortgage industry within the Real Estate sector. Other leadership on record at Armour Residential REIT, Inc. includes Scott J. Ulm (CEO and Board Member), Gordon Harper (CFO), Gordon M. Harper (CFO) and 7 others.
“On March 18, 2024, ARMOUR Residential REIT, Inc. ("ARMOUR" or the "Company") appointed Sergey Losyev, the Company's Deputy Chief Investment Officer, and Desmond Macauley, the Company's Director of Investment Strategies, as Co-Chief Investment Officers, effective March 18, 2024.”
“So our leverage as of Monday, October 19, was 7.9 turns. That's excluding our treasury longs and making some adjustments for expected paydowns. We are comfortable with that level.”
“So looking at par and premium securities, return on equity is in the mid to high teens. That's assuming about eight tons of leverage and hedge to half duration.”
“So expected ROEs, hedged ROEs, are in the 16% to 18% range. Obviously, a touch lower than where they were at the end of June, given the tightness in mortgage spreads.”
“Our bias right now is to continue to buy production coupons. We see very attractive ROEs there. We are probably biased to slightly below par, so 5% and 5.5% coupon, expecting that a weakening economy could cause lower treasury yields.”
“In Q4, our agency portfolio experienced approximately 4 basis points of widening in nominal spreads versus approximately 5 basis points of widening in production MBS treasury basis.”
Proxy statement
Start not stated–present
Last confirmed March 19, 2026
REIT - Mortgage · Real Estate
CIO
