INSIGHT ON MICHEAL NIERENBERG INVESTMENT MANAGERIAL SKILLS
Micheal Nierenberg was born in 1964. He is currently the manager, Chairperson of the Board, and president of New Residential Corporation for the past four years. He has been an affiliate of the New Residential Corporation Directors Board for almost a decade. He is also an executive at Fortress and previously served as an administrator of the organization, Global Mortgages. Additionally, in the Bank of America Merrill Lynch, he was an official for securitized products heading sales division and trading operations of the organization. Micheal Nierenberg also served as the manager for the securitized products division for the JP Morgan Company. He created an adjustable mortgage rate business for Lehman Brothers for seven years before moving to serves as an affiliate of the Board of directors for Bear Stearns’s company. Mr. Nierenberg served as one of the executives in Bear Stearns Company for fourteen years leading operations in sections such as interest rates, mortgage-backed security trading, and foreign exchange.
The financial background and expertise in mortgages and security trading led to the selection of Micheal Nierenberg as the executive manager of New Residential Corporation. He guides the organization in making the right decisions and avoids economic downturns while outpacing the competition. Mr. Nierenberg is worth more than $7 million with stocks related to the New Residential Investment of 400000 units.
Micheal Nierenberg regards his success in the real estate business to experience in diverse markets. He argues that there are three fundamental steps involved in defining the success of investing in real estate. Firstly, he acknowledged that teamwork and working with talented individuals as a pillar of success. Furthermore, collaboration promotes the nurturing of management skills in young managers. Secondly, is productivity, which he identified to increase savings and allow for professional growth. Thirdly, mastery of diversity enables the reduction of losses and gaining profits.