1. Master of Business Administration, University at Buffalo, Finance and Marketing, 1983.
  2. Bachelor of Science, University at Buffalo, Finance, 1979.
  3. Member CFA Institute, NYSSA.

 


Dan Nigro in the media:

Nigro Comments on ML2 in Cover Story of Asset Securitization Report | June, 2011

 

"What has happened with ML II is that all of a sudden investment firms are not the drivers of supply and control as they were in the past, and when they lose a bit of control they get funny about pricing."

(Click image for full report)

Wall Street Journal | January 07, 20112
Nigro Comments on Potential Euro Bond Sales Impact on Investors' Appetite

 

 

"People think the European debt crisis is going to lead to a tsunami of debt sales, and no one in a mark-to-market position wants to get ahead of that," said Daniel Nigro, founder of Warfield Consultants, a firm focused on mortgage- and other asset-backed securities.

 

Wall Street Journal (Full Article)
January 7, 2012

Wall Street Journal | July 28, 2011

 

 

Dan Nigro, a bond consultant and former mortgage portfolio manager, said the government's success in these buyback requests has "emboldened private investors," such as those that reached an $8.5 billion settlement with Bank of America in June.

Wall Street Journal (Full Article)
July 28, 2011

Wall Street Journal | April 14, 2011

 

Dan Nigro, chief executive of Warfield Consultants in Montclair, N.J., said there has been a noticeable increase in residential mortgage-backed securities offered for sale on days when the Fed has circulated lists of assets it wants to sell. "There's 50% to 70% higher activity," he said.

Wall Street Journal (Full Article)
April 14, 2011

Wall Street Journal | April 13, 2011

 

"Ford is signaling to all that it's trying to get to investment grade within five years," said Dan Nigro, chief executive of Warfield Consultants in Montclair, N.J.

 

Wall Street Journal (Full Article)
April 13, 2011

Wall Street Journal | April 7, 2011



"The bonds are already being offered for more than the original indications," said Daniel Nigro, chief executive officer of Warfield Consultants in Montclair, N.J. "The overwhelming majority of the list traded at more than the estimated price, indicating healthy demand by dealers and investors."

 

Wall Street Journal (Full Article)
April 7, 2011

Wall Street Journal | April 5, 2011

 

Monday's "bid list" includes bonds that are "good, bad and indifferent," said Dan Nigro, chief executive officer of Warfield Consultants in Montclair, N.J, who has seen the list. "It is designed to be a cross-section of what the Fed has to offer. It will spur interest and shows what's in the portfolio."

Wall Street Journal (Full Article)
April 5, 2011

Marketplace Morning Report | April 6, 2011


MarketWatch | April 5, 2011

 

"We had been seeing $700 million on average per day, but over the past two days, we will have seen about $2 billion each day," Dan Nigro, chief executive of Warfield Consultants in Montclair, N.J., said of mortgage-bond supply. "Most of the recent supply comes from legacy sellers, hedge funds and other liquidations in order to raise cash to bid for Wednesday's auction."

Market Watch (Full Article)

Wall Street Journal | February 7, 2011

 

"There is a scramble on among investors to get yield," said Dan Nigro, chief executive of Warfield Consulting in Montclair, N.J., and a former portfolio manager. "Esoterics allow [buyers] to deploy their deep credit knowledge/experience to get higher returns by buying 'off the run' names and asset classes."

Wall Street Journal (Full Article)
February 7, 2011

Structured Finance Monitor | Yield Scramble

 

Dan Nigro, industry insider who attended to conference said that "attendance is up because:
1) more people are uncertain about the future;
2) the opportunity cost to attend is low," compared to last year when roughly 4200 participants attended in Washington DC.

"Demand has been repaired, supply in many sectors has been repaired - except in the most important sector - mortgage finance," Nigro added.

Structured Finance Monitor
February 9, 2011

Crisis Tales: How Five On Wall Street Weathered The Storm | March 28, 2011

Daniel Nigro was near ground zero of the credit crisis, working as a portfolio manager at Dynamic Credit Partners in New York which focused on collateralized debt obligations, a type of asset-backed security composed of any manner of debts, many of them subprime mortgages.

With their shifting portfolio of underlying assets, CDOs were among the more opaque financial instruments on offer during the credit boom, and among the hardest hit when investors lost faith in Wall Street legerdemain.

As Dynamic Credit Partners lost business in 2009, Nigro, like many portfolio managers, lost his job. A garrulous man, Nigro, 53, isn't to be bitter. What hurts, he says, is that the main reason for the collapse was that people up and down the mortgage chain were often lying.

"Everybody had a hand in it," he said. "The homeowner who cheated on his application, the appraiser who inflated the price of a house, the broker who falsified data, the investment banker who bought the stuff and sold it without looking at it in detail, the rating agencies who rated the bonds. Cumulatively, the weight of it all got to be too great and the boat flipped over." After leaving Dynamic Credit Partners, Nigro set up his own shop, Warfield Consultants, and has been consulting on various projects since then. He believes there is a need for seasoned portfolio managers like himself who can guide investors on where to put their cash to work.

DOW JONES NEWSWIRES | March 28, 2011

For full article

Nigro's Layoff Reflects CDO Managers' Retreat - Asset Backed Alert

 

"They were particularly surprised by the dismissal of Nigro, who had clocked more than 20 years in the securitization business, including stints at AIG, Ischus Capital, and J.P. Morgan. Nigro was among Dynamic Credit's earliest hires when he joined in 2005.
'Dan and Chris both did great jobs for us' Finkel said."

January 15, 2010

Asset-Backed Alert PDF

Issuance Of TALF Eligible Deals Picks Up, More Expected - Dow Jones News Wire

 

"The market is coming to realize that TALF eligible consumer asset-backed securities are as close to 'shooting fish in a barrel' as they'll ever see in their investment careers," said Dan Nigro, an asset-backed securities portfolio manager at Dynamic Credit Partners in New York.

April 30, 2009

Full Press Release

When AAA Ratings Make Investors Cringe - Dow Jones News Wire

"Investors have lost faith in ratings across the entire spectrum due to the speed and depth of the cuts," said Dan Nigro, an asset-backed securities portfolio manager at Dynamic Credit Partners LLC, a hedge fund in New York. "Their current mindset and historical data set may not be sufficient to rate these products."

 

November 6, 2007

Full Press Release

EXTRA CREDIT: TALF Deals Slow As ABS Market Returns To Normal - Dow Jones News Wire

At these spread levels, "most buyers are non-TALF," said Dan Nigro, a portfolio manager at Dynamic Credit Partners in New York.

October 1, 2009

Full Press Release

Consumer Loan-Backed Sales in '09 Near $100 Billion - Dow Jones News Wire

"TALF has to be viewed unquestionably as a success," said Dan Nigro, an asset-backed securities' portfolio manager at Dynamic Credit Partners in New York.

September 3, 2009

Full Press Release

 


Dan Nigro at Dynamic Credit:

Nigro Leads Team in $39bn Valuation - Evaluation Project

This innovative Dynamic Dutch solution is replicable for other nations and banks as it provides orderly 'deleveraging' within current accounting conventions, while limiting risks for taxpayers.

(Click on image to download PDF)

Evolution of Dynamic Credit

(Click on image to download PDF)

 


 

Daniel.Nigro@abscredit.com

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