Tuesday, 7 July 2015
Last updated 5 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…