Management

 

Deer Park Road Management Company, LP (Sub-Advisor)

 

Deer Park manages approximately $1.9 billion of assets for institutional and private clients worldwide.  Deer Park was established in 2003 and is a Registered Investment Advisor (“RIA”) with the SEC.The firm’s founder, Michael Craig-Sheckman, has over 35 years of investment experience and Scott Burg, Co-Portfolio Manager, has over 15 years of investment experience in the MBS/ABS sector. The Company is located in Steamboat Springs, Colorado. Deer Park serves as Sub-Advisor to the Fund.

 

Michael Craig-Scheckman

Chief Executive Officer / Portfolio Manager

  

Mr. Craig-Scheckman, CEO/Portfolio Manager, is the Principal Partner of Deer Park.  He has been in the investment business for over 30 years and has over 20 years of experience in the distressed MBS/ABS field.  Mr. Craig-Scheckman worked for Millennium Partners from 1993 to 2010. During the height of his involvement with Millennium Partners, he managed a $475 million portfolio for Millennium Partners. Mr. Craig-Scheckman has run Deer Park and its predecessor firm from July 2003 until the present. Mr. Craig-Scheckman earned a BA in Physics at Queens College, New York, in 1975 anda MA in Physics at Columbia University, New York, in 1977. He is a native of New York and has lived in Colorado with his wife and youngest daughter sinceJuly, 2003.

Scott Burg

Chief Investment Officer / Portfolio Manager

 

Mr. Burg, CIO/Portfolio Manager and Partner, along with Michael Craig-Scheckman, is responsible for the management of the Firm's portfolios and portfolio risk management. Mr. Burg has over 14 years' experience in the MBS/ABSsector, and joined Deer Park in October 2010. Prior to joining Deer Park, he was a Principal at General Capital Partners, focused on advising middle market companies in distressed situations. Previously, he was at Pursuit Partners, a $550 million fixed income hedge fund where his focus was on analyzing ABS opportunities. Prior to this position, Mr. Burg founded Clayton IPS's pricing division (now MountainView IPS), a world-wide leader of valuation for difficult to price assets.  Mr. Burg received his MBA from Daniels School of Business at the University of Denver in 2007, and a B.S. in finance from the University of Colorado in 2001 where he played varsity football.

Sam Barron-Fox

Portfolio Manager

 

Mr. Barron-Fox has been trading and analyzingfixed income securities for 12 years and joined Deer Park in Jan 2015. He is familiar with a wide range of mortgage andasset backed securities, having traded or analyzed most sectors. Mr. Barron-Fox's responsibilities include Trading Bonds, Analytics and Modeling, Portfolio Management, Risk Management, Marketing, Accounting, Technology, Legal and Compliance.  Mr. Barron-Fox has been trading his own capital from 2007 to 2015. He began his career at Bear Stearns Asset Management in New York in 2002 where he worked on a $540 million non-agency mortgage credit fund.  From 2005 until 2007 he moved to FL to manage the Horizon Fund, a $700 million mortgage andasset backed hedge fund.   Mr. Barron-Fox studied at University College London, and was awarded a BSc degree in Information Management in 1999 which laid the foundation for his facility in creating innovative computer models that analyse and value complex financial securities. Mr. Barron-Fox was born in London, England and lives in Steamboat Springs, CO with his wife and two daughters. Mr. Barron-Fox is a former National and European sailing champion and competed in the Olympics trials in 1996.

Hao Li, CFA

Associate Portfolio Manager

 

Mr. Li is focused on risk management, analytics and trading.  Mr. Li has extensive experience in portfolio valuation and investment research.  Prior to joining Deer Park in 2011, he was at J.P. Morgan, where he managed the pricing of a $1bn non-agency MBS portfolio and a $3bn consumer ABS portfolio.  Prior to his employment at J.P. Morgan, Mr. Li was at Millennium Partners where he was responsible for researching and trading non-agency RMBS securities, as well as financial modeling and property valuation.  He also spent 2 years as a fixed income trader at HSBC in Shanghai, China.  Mr. Li received his MBA from Columbia Business School in 2010, a Masters in Finance (2006) and a Bachelors in Economics (2004) from Peking University School of Economics.   Hao earned his CFA in March 2011.

 

 

6259-NLD-4/25/2016

 

 

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