Chimera Investment (CIM +6.3%) opens higher as Annaly (NLY) bids for CreXus and says it will...

|About: Chimera Investment Corpo... (CIM)|By:, SA News Editor

Chimera Investment (CIM +6.3%) opens higher as Annaly (NLY) bids for CreXus and says it will seek to allocate up to 25% of its capital outside of the Agency REIT sector. Like CreXus, Chimera resides in Annaly's family tree and - with a focus on non-Agency paper - coud be the next target.