Luminent Mortgage Capital appointed Barry Weiss as its new chief investment officer and Eric Richter as a portfolio manager, effective June 30.


"I am pleased to announce the addition of Mr. Weiss and Mr. Richter to our team," said Zachary Pashel, chief executive officer at Luminent. "Both Mr. Weiss and Mr. Richter are proven portfolio managers each with over 12 years experience investing in structured products, primarily focused on both agency and non-agency mortgage-backed securities. Their expertise, coupled with our existing credit analysis infrastructure, is integral to building a successful asset management platform."


Weiss was a vice president/portfolio manager for HarbourView Asset Management and Oppenheimer Funds and the portfolio manager for the AAArdvark portfolios, in charge of making investment decisions and setting portfolio strategy. He was also a co-portfolio manager for the Centennial Money Market Trust, the Centennial Government Trust, the Oppenheimer Cash Reserves, and the Oppenheimer Money Fund/VA, where he was primarily responsible for co-managing more than $35 billion of assets.Weiss had been with Oppenheimer Funds since 2000 serving in various roles. Previously, he worked at Fitch IBCA, where he was an associate director in the structured finance group.


Richter was a vice resident/ portfolio manager for HarbourView Asset Management and Oppenheimer Funds  since February 2006. Richter has an extensive background in structured products, and was focused on the AAArdvark products, specializing in RMBS, CMBS, ABS, and CDOs. Before Oppenheimer Funds and HarbourView, Richter was an investment officer at the Alaska Permanent Fund Corp. He spent eight years at Loomis Sayles & Co. as a senior analyst responsible for MBS and ABS. He also spent five years at Schroders as a fixed-income portfolio manager, managing U.S. investment grade fixed-income portfolios.

 

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