TD Securities Vet Joins Distressed Mortgage Specialist Deer Park

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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of