Dan McNamara

Dan McNamara is a prominent figure in the world of commercial real estate investing and securitized credit trading. He gained significant recognition for his successful bet against shopping mall-related securities in 2020, which yielded an impressive 119% return for investors in just three months.14

Career Highlights

McNamara began his career in 2004 and has extensive experience in trading commercial mortgage-backed securities (CMBS), particularly through turbulent economic times like the Great Recession.1 He served as a Principal at MP Securitized Credit Partners from the summer of 20123, where he specialized in distressed securities and developed strategies to capitalize on struggling malls through financial indexes monitoring commercial mortgage-backed securities.1

Notable Achievements

The Mall Short:: In 2020, McNamara's fund at MP Securitized Credit Partners generated a 119% net return in less than four months by shorting a commercial mortgage bond index tied to shopping malls.4 This successful trade earned him comparisons to the investors featured in "The Big Short" who profited from the 2008 housing market crash.1

Polpo Capital:: Following his success, McNamara co-founded Polpo Capital in 2021, a hedge fund focused on capitalizing on disruptions in commercial real estate post-COVID-19.14 As the primary investment overseer at Polpo Capital, he continues to navigate the evolving landscape of commercial real estate, particularly focusing on the challenges facing office properties.1

Current Focus

McNamara is currently concentrating on the potential downturn in the office real estate market. He believes that the shift towards remote work will have lasting effects on office property valuations and is positioning his fund to profit from this trend.1 His strategy includes:

• Shorting office real estate
• Investing in interest-only commercial mortgage-backed securities
• Planning to capitalize on distressed bond sales when the market reaches its lowest point

Expertise and Recognition

McNamara is often referred to as a "mall-short expert" due to his successful trades in the retail real estate sector.4 He has been featured in various financial publications and podcasts, sharing his insights on the commercial real estate market and securitized credit trading.56

Dan McNamara's LinkedIn profile can be found under the username dan-mcnamara-946a969, where he is listed as having 500+ connections.2