Michael Craig-Scheckman founded Deer Park Road in 2003, bringing over 40 years of investment experience with more than 25 years specifically focused on distressed mortgage-backed and asset-backed securities. Prior to founding the firm, he worked at Millennium Partners from 1993 through 2007, where he managed a $475 million portfolio and was described as one of the first employees of Izzy Englander's Millennium Management. He holds a Master's degree from Columbia University and continues to oversee all investment decisions and portfolio risk management. Scott Burg joined as Chief Investment Officer in August 2010, bringing over 20 years of experience specializing in mortgage-backed and asset-backed securities. Previously, Burg worked as a Principal at General Capital Partners and at Pursuit Partners, a $550 million fixed income hedge fund. He holds an MBA from the University of Denver and serves as Portfolio Manager and Managing Partner. Together, Craig-Scheckman and Burg have built a 100% employee-owned firm with deep expertise in structured credit markets.

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Deer Park Road is among the most seasoned and disciplined investors in the structured credit space with a track record and experience unlike any other. Central to the investment approach and philosophy is the focus on opportunities throughout the credit spectrum, moving away from overvalued sectors, into undervalued sectors. Deer Park differentiates itself from other alternative investment firms through diligent focus on fundamental credit analysis, adaptive approach to sourcing investment opportunities and prudent focus on risk management. The firm applies fundamental credit analysis in balance with proper risk management, seeking high-cash flow credit investments through an adaptive portfolio management process designed to source investments to perform in a range of credit cycles. The firm employs a disciplined, fundamentals-driven investment approach called the 'Four Pillars' framework to identify bonds trading below intrinsic value through detailed loan-level modeling and due diligence. The strategy focuses on deeply discounted, high cash-flow, shorter-term asset-backed securities, coupled with a philosophy of not using leverage and viewing all purchases as potential hold-to-term securities.

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