Back in Black
New York-based asset manager BlackRock's buying up of distressed mortgage portfolios - most notably its purchase of UBS's portfolio of subprime and other non-agency securities totalling approximately $22 billion - has been making headlines. What does it know that others don't? William Rhode finds out
Scott Amero, who was appointed global chief investment officer for fixed income at BlackRock in December, tells Mortgage Risk about his new firm's strategy and vision of the future.
You joined BlackRock in 1990. Can you tell us what you were doing before and how you've risen through the ranks at the firm?
I've been at BlackRock for 18 years - a large portion of my career. Prior to that I worked at First Boston for five years as a fixed-income research analyst, focusing on mortgage and structured
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