Fannie Mae (FNMA)

[mhill_fin]

no, means he lost money is all

Gotta put the whole paragraph in context:

Last month the fund held losing stakes in Shire PLC (ADR) (NASDAQ:SHPG) (LON:SHP), after a failed tax inversion merger attempt with AbbVie Inc (NYSE:ABBV), as well as negative exposure in Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC).

or more simply:
"Last month the fund ... " (had) "... negative exposure in Fannie Mae ..."