Fundamental, Goldman Muni. Head Launch Hedge Fund

Jun 12 2012 | 11:20am ET

Private equity firm Fundamental Advisors has snagged Goldman Sachs’ top municipal bond trader to manage a new hedge fund.

Hector Negroni will co-head the Fundamental Credit Opportunities Fund. Unlike Fundamental’s existing two funds, Credit Opportunities will not seek controlling stakes. New York-based Fundamental said the fund would seek to profit from “lasting, recurring” inefficiencies in the muni market.

“This launch demonstrates an expansion of Fundamental’s leading role as an alternative asset management in the municipal market,” Negroni said. “FCO will combine experienced professionals, a tailored capital base and a proven investment approach to address dynamics in the municipal universe otherwise unattended to by market participants.”


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...