Mike Nierenberg works at fortress and he serves as the managing director. He works as the leader of Global Mortgages, director manager and as well as securitizing products at the bank of Merrill lynch. Mr. Nierenberg is also responsible for the trade and sales of products within that division. In November 2008, Nierenberg became part of America’s Bank Merrill Lynch. He was also the foreign trading operations as well as the interest rate head where he was the head of several position leaderships for working with Bear Sterns for fourteen years. This was before his contract at JP Morgan.
Mr . Nierenberg became one of the members of board of directors at Bear Stearns from the year 2006-2008. He stayed at Lehman brothers for seven years before moving to Bear Stearns. He served as the key in creating desirable business mortgage rates for the company. The board of directors appointed Mr. Nierenberg to work as the company’s director. Mr. Nierenberg level of expertise, his skills, knowledge as well as his vast experience triggered the board of director’s members to elect him. From 2016, Mr. Nierenberg has created more than three trades of New Residential Investment Stock as per the form 4 that was filled by the SEC.
Among the stocks he conducted include;1708708 NRZ stock units that were worth $25562272. 1708708 units was his biggest trade that he had ever made in that period. This was the stock of New Residential Investment that were worth more than $25562272 on 26th of June. Since 2016 for every 111 days, Mr. Nierenberg conducts a trade of approximately 412885 units. Mr. Nierenberg is still owning units of at least 2644060 of the New Residential Investment Stock. The insiders of the New Residential Investment for the last three years have conducted a trade of worth $0. They purchased 31800 units that were worth $466704. For every 166 days the New Residential Investment executives and independent directors earn $10316929 on average for every stock they conduct. On 26th June 2018, Mr. Nierenberg conducted a recent NRZ stock of 1708708 units that were worth $25562272. Andrew Sloves, Alan L. Tyson and Mike Nierenberg are among the active members of insider traders.