Guide for relocation to Steamboat Springs, CO

Location-Neutral Business

Location-neutral business spotlight: Deer Park Road Corp.

tech_DeerPark-Michael-Craig-ScheckmanDeer Park Road Corp., an investment firm that recently had a fund rank in Barron’s Top 100, can be based anywhere it wants to. But founder and president Michael Craig-Scheckman, who started the operation locally in 2003, chose Steamboat for its lifestyle and business infrastructure — including airport proximity and Internet access — that allows it to conduct business at the base of Mount Werner as easily as if it was on Wall Street.

Managing assets valued at more than $1 billion, Deer Park is a multifund investment manager that invests in distressed real estate and asset-backed, fixed-income securities for individual and institutional investors. In 2008, it established the STS Partners Fund, LP — ranked by Barron’s in 2013 as the nation’s seventh-best hedge fund — and in 2010, it launched an additional offshore fund.

Helping it achieve this success are 14 full-time local employees, all blessed to be able to pursue their careers in an outdoor and family-oriented town like Steamboat. Their access to Steamboat’s outdoor amenities also is about to get even better.

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