"We find emerging opportunities through research, by networking with investment colleagues and doing our homework." With 25 years of experience in mortgage-trading and funds-management, William M. Daugherty, founder and CEO of WMD Capital Markets, enjoys leading the firm's team through the strategic planning and risk-management analysis required to build opportunities for clients.

"Spend the time to understand risks, and you'll find hidden value." An industry pioneer, Bill was a leader in packaging mortgages for securitization. First at Farmers Savings Bank, later at Goldman Sachs, his skills were sharpened by trading residential, multi-family, and commercial mortgage products as well as structuring and trading credit-related instruments. Bill has served as Managing Director at Nomura Securities, President of Arbor Capital Partners, Co-Chairman of AG Arbor Management, Chairman and Director of United National Mortgage Corporation, and as Member of the Board of Directors of Kensington Group (U.K.).

As Managing Member of WM Daugherty & Co. and affiliates, Bill is actively involved in the mortgage-backed securities market and manages funds for both institutional investors and high-net-worth individuals. The best part of his job? "Discovering the solution that makes sense to an opportunistic investor."