14 Aug Fierman Rebounds From 2008 Crisis With Angel Oak
The 2008 financial crisis put Mike Fierman out of business, but not out of ideas or motivation.
“I saw the recovery coming and seized the opportunity to buy assets cheaply. I started by raising $10 million, which is now in excess of $10.8 billion.” As Co-CEO and managing partner of Angel Oak Companies, Fierman oversees the asset management and lending companies, providing leadership and strategic direction as they continue on their growth trajectory. “And, yes, I put up my own money,” he said. “The skill base is converting distressed mortgages into real assets.”
In June, Yahoo Finance reported that “Angel Oak holds one of the largest books of servicing assets in the non-qualified mortgage market.” It is “adding talent and continuing to establish itself as a clear leader in the structured credit space.”
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