Credit Crunch: Rithm’s Nierenberg on M&A, Recasting Perceptions
Description
“Being able to underwrite a consumer, being able to offer that product to that consumer and then being able to touch that consumer is very, very important,” says Michael Nierenberg, CEO of Rithm Capital, discussing the company's focus on asset classes where it has an edge. Nierenberg joins Bloomberg Intelligence’s Noel Hebert and Erica Adelberg on this episode of the Credit Crunch podcast to talk about growth through M&A, changing the market’s perception of the company, recent deals for Crestline and Paramount Group, the history and growth of Rithm’s mortgage business, and what’s next. They also discuss effects of the yield curve and monetary policy, the implications of a low-volatility backdrop and asset classes that require caution.
The Credit Crunch podcast is part of BI’s FICC Focus series.
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