Pine River Adds TARP Official To REIT

Jul 21 2011 | 11:39am ET

Pine River Capital Management has hired a former hedge fund manager and government bailout official to help run its real-estate investment trust.

David Miller was named a managing director at the New York-based hedge fund. He'll handle business development and strategic initiatives for Two Harbors Investment Corp., the REIT Pine River acquired two years ago.

Miller joins from the U.S. Treasury Dept., where he was chief investment officer in the Office of Financial Stability. There, he managed the Troubled Asset Relief Program's $700 billion portfolio, winning the Treasury Medal for his efforts.

Prior to his stint at TARP, Miller managed an equity portfolio at hedge fund HBK Capital Management and worked at Goldman Sachs.

Miller "brings a wealth of experience and knowledge gained through his distinguished career in both the private and public sectors," Thomas Siering, the REIT's CEO, said. "His expertise will be invaluable to Two Harbors as we continue to capitalize on growth opportunities in the mortgage REIT sector."

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