Michael Nierenberg is an investor and entrepreneur who has a long, impressive and distinguished career in the investment industry. His career has seen him in numerous critical position within the investment industry and he is currently considered a leading expert in the field. The position that Michael Nierenberg currently maintains is Chief Executive Officer for New Residential Investment Corp. He also serves as Fortress’s Managing Director. Before coming into these current positions, Michael Nierenberg was the Head of Global Mortgages and Securitized Products as well as the Managing Director with Merrill Lynch. During this time period, Michael had the responsibility toward activities of trading and sales within his critically important division. He worked for JP Morgan prior to that posting as the company’s Head of Global Securitized Products.
With his current Chief Executive Officer role at New Residential Investment Corp, Michael Nierenberg heads up one of the most vibrant companies in today’s modern investment industry. The firm is publically traded and is know for managing investments that are primarily within the residential side of the real estate sphere. The primary aim that Michael Nierenberg and his team at New Residential Investment Corp have is to drive returned of a risk-adjusted nature. This is accomplished through investments in mortgage-backed securities, associated call rights and mortgage servicing rights in excess.
The New Residential Investment Corp that Michael Nierenberg heads up today was originally founded as a subsidiary of the firm called Newcastle Investment Corp. During the 2013 calendar year, the firm became a separate and publically traded operation that is managed externally through legendary alternative investment management firm Fortress Investment Group. New Residential Investment Corp has been able to take advantage of the rapidly increasing market for loans in the residential mortgage sector. This demand has led for significant opportunities in the area of investment and the Michael Nierenberg and the executive team that he leads at New Residential Investment Corp have been able to tap into this opportunity to a high level of success. The company has been able to astutely utilize the experience of its team members along with available capital in order to do outstanding work in the time period since it was initially founded.
About Michael Nierenberg: www.newresi.com/