Wednesday, 25 May 2016
Last updated 11 hours ago
Oct 1 2013 | 11:08am ET
Colorado-based distressed mortgage specialist Deer Park has tapped Rick Fontana as associate portfolio manager.
Fontana joins Deer Park from TD Securities in New York where, as a vice president, he developed a new process for analyzing and surveying MBS/ABS, created several successful MBS/ABS models, and served as a member of the firm’s U.S. investments committee. Prior to TD, Fontana was with Pursuit Partners, Fortis Investments, and E*TRADE.
In his new role at Steamboat Springs-based Deer Park, Fontana will report to portfolio manager Scott Burg and help manage the newly launched Burgess Creek Fund, one of the firm's four deeply discounted MBS/ABS portfolios.
“Someone with Rick’s extensive background is a uniquely valuable asset, especially given the launch of our new fund,” said Burg in a statement. “We expect him to have an immediate, positive impact on this portfolio as well as our others.”
Founded in 2003, Deer Park is focused exclusively on distressed mortgage and asset-backed portfolios. The firm manages over $1 billion, serving institutional investors, endowments, foundations and ultra-high net-worth individuals around the globe.