Donald Peskin has more than five years of management consulting experience and 20 years of Wall Street and investment experience including, most notably, as a Managing Director and Principal at Donaldson, Lufkin & Jenrette ("DLJ") where he served from 1988 to 1997. He is a three time recipient of the DLJ "Superachiever" award and is a member of the DLJ "Hall of Fame". At DLJ he was responsible for the Fixed Income Structured Finance Department and had selected responsibilities for various trading positions. Throughout his tenure at DLJ, Mr. Peskin was responsible for many significant innovations in the realm of structured products, some of which developed into multi-billion dollar markets. At DLJ he was frequently consulted by senior management regarding the structuring and valuation of complex securities.
Peskin's previous Wall Street experience included service at Dean Witter Capital Markets and Morgan Stanley & Co. He left DLJ in September 1997 to pursue private investment opportunities in finance, technology and related industries.
Donald Peskin is the founder of Short Hills Capital, LLC, a privately held investment vehicle. Short Hills Capital was a principal investor in Regions First Financial, a holding company with interests in the sub-prime auto marketplace, which were sold in 2004 to a public entity. Through Short Hills Capital, Mr. Peskin was a founding investor in Numismatic Funding, LLC a secured lender to rare coin dealers. In addition to his principal investment activities, Mr. Peskin has been a managing principal of Cognitive Capital Management, the general partner of the Cognitive Strategic Fund, a hedge fund of funds. He also served as a member of the Board of Directors of Ballard Petroleum LLC from 1997 until its acquisition by Alberta Energy Corp. in early 2001. He has been recently named to the Board of Directors of ioSemantics Corporation, a software firm that applies artificial intelligence to the management of large-scale software development.
Donald Peskin holds a BS with Honors, a Masters of Engineering in Operations Research and an MBA with a concentration in Finance from Cornell University.
A CMO is Collateralized Mortgage Application and so that means that you take mortgage backed securities which are basically bundles of mortgages in a trust and then mortgages are typically at that time almost all 30-year amortizing instruments. So the principal and interest were paid down and prepa...(Full transcript available to logged in subscribers.).
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