Distressed mortgage manager Deer Park Road Corp. has named Scott Burg as associate portfolio manager.
In his new role, Burg reports to Michael Scheckman, portfolio manager and owner of the Steamboat Springs, Colorado-based firm. In addition to assisting with the management of the firm’s distressed MBS/ABS portfolio, Burg will assist with the risk management of the portfolio.
“I worked closely with Scott while at Clayton IPS and always found his analytical skills and in-depth knowledge of asset-backed securities to be very impressive,” said Scheckman. “We expect Scott to have an immediate and significant positive impact on our portfolio, and help us continue to produce strong results.”
Prior to joining Deer Park, Burg was a principal at General Capital Partners, which focused on advising middle market companies in distressed situations. Previously, he was at Pursuit Partners, a $500 million fixed-income hedge fund where his focus was on analyzing ABS opportunities.
Deer Park Road is a privately owned Registered Investment Advisor founded in 2003. The firm invests in distressed mortgage and asset backed fixed-income securities.