Fortress Investment names company veteran to head portfolio strategies team
New York-based Fortress Investment Group (FIG) named Greg Finck as head of the mortgage and asset-backed portfolio strategies team at Logan Circle Partners, Fortress' asset management branch. Finck was previously Fortress' managing director and securitized products portfolio manager. In his new position, Finck will lead Logan Circle's structured-product activities, focusing on the residential mortgage-backed securities and asset-backed securities markets. He is based in New York and reports to Jude Driscoll, chief executive officer and chief investment officer of Logan Circle. "Greg brings an exceptional depth of mortgage-backed and asset-backed investment experience to Logan Circle, and he enhances our existing securitized capabilities," Driscoll said. "I am confident that his transition to Logan Circle will help us achieve our objective of delivering leading fixed-income solutions to a growing base of global investors." For the past two years, Finck has served as RMBS and ABS portfolio manager for Fortress credit funds. Before that, he spent 16 years trading mortgage for Goldman Sachs & Co. The last position Finck held with Goldman was managing director of mortgage securitization and secondary trading of RMBS. Write to Christine Ricciardi. Follow her on Twitter @HWnewbieCR.