US Residential Credit: A strategic role in institutional portfolios and what to look for in a manager for success in the asset class
INTERVIEWSERIES
Andrew Miller, Managing Director, Residential Credit, Pretium Partners
August 2025
In this exclusive interview, Andrew discusses US residential credit and why investors should be paying attention to economic developments reshaping the opportunity set in what is a large, diverse and non-correlated asset class. He shares the structural and cyclical trends driving the asset class, and the skills investors should be looking for in an investment manager to achieve success in residential credit.
Watch the full interview which covers:
0:20 - What makes US residential credit an interesting asset class for investors to consider including in their portfolios?
0:47 - How is the current economic environment impacting US residential credit?
1:46 - What are some of the key trends in US residential credit that are driving investment opportunities?
2:54 - What are the key capabilities an investment manager needs to have to achieve success in residential credit?
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Andrew Miller, Managing Director, Residential Credit, Pretium Partners
Andrew is a Managing Director in Residential Credit at Pretium, where he presides over investment management and capital markets – including being responsible for the buildout of the Firm's MSR investment strategy and the expansion of GNMA EBO investing.
Prior to joining Pretium in 2021, Andrew was a Managing Director at Fortress Investment Group, where he was responsible for building and managing structured mortgage strategies, including creating one of the largest MSR investment businesses. Previously, he was a Vice President at Lehman Brothers.
Andrew received a Bachelor's and Master's in Chemical Engineering from Columbia University.
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