Greg Finck was named portfolio manager by Logan Circle Partners. He will head the firm’s new mortgage- and asset-backed portfolio strategies team.
The position is new, Drew Fox, managing director-capital formation group, said in an interview.
Mr. Finck leads Logan Circle’s first standalone MBS/ABS investment strategy. Logan Circle’s existing structured products team, led by Al Leone, portfolio manager, will continue to manage MBS and ABS strategies as part of the company’s multistrategy credit long-only strategies, Mr. Fox said.
Mr. Finck was a managing director and portfolio manager at Fortress Investment Group, which owns Logan Circle Partners. Mr. Finck managed residential mortgage-backed securities and ABS for Fortress’ family of credit funds, which is headed by Peter Briger, principal and co-chairman. Mr. Finck’s previous duties at Fortress have been assumed by other portfolio managers on Mr. Briger’s team, according to Mr. Fox.