Michael A J Farrell Net Worth is40.4 $Million
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Michael A.J. Farrell built Annaly Capital Management Inc. into the worlda??s largest mortgage real estate investment trust. He passed away in October of 2012 after being diagnosed with cancer.
Farrell, who graduated high school at 16 with plans to become a commercial artist, instead went to Wall Street, beginning at E.F. Hutton & Co. in 1971. After stints at Morgan Stanley and Merrill Lynch & Co., he started Annaly in 1997 and increased assets to about $128.3 billion at the end of June, turning the firm into one of the largest buyers of home loan debt backed by the U.S. He branched out with separate companies that buy non-agency bonds and commercial real estate securities.

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Michael A J Farrell Latest News

Oratory Prep School Closes on Thursday, October 25

SUMMIT—In honor of Michael A.J. Farrell, Summit resident, Oratory Prep School alumni parent and Board of Trustees member, Oratory Prep School will be closed so that faculty, administration and students can attend his Funeral Mass at St. Teresa of Avila ...
Posted: October 24, 2012, 8:31 am

Annaly Capital CEO Michael A.J. Farrell dies

Michael A.J. Farrell, who built Annaly Capital Management Inc. into the world's largest mortgage real estate investment trust, has died after being diagnosed with cancer earlier this year. He was 61. His death was confirmed in a statement by the New York ...
Posted: October 23, 2012, 6:19 pm

Annaly’s Michael Farrell to Appear before House Financial Services Committee Hearing on Housing Finance

NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE: NLY) announced that its Chairman, Chief Executive Officer and President, Michael A.J. Farrell, will appear as a witness today before the Insurance, Housing and Community Opportunity ...
Posted: February 16, 2011, 2:40 am
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