Goldman Muni Salesman To Hedge Fund

Feb 27 2014 | 11:35am ET

A top Goldman Sachs municipal bond trader will join hedge fund Whitehaven Asset Management.

Paul Ferrarese was named head of business development at the New York-based hedge fund. He’ll also assist with investment decisions at the year-old firm, which launched a municipal-bond strategy earlier this year.

“Post-2008, with the decline of bond insurance, and the increased headlines in the municipal space, there is significant opportunity for a hedge fund with municipal credit expertise to capitalize on the inefficiencies in the market,” Whitehaven founder Scott Richman told The Wall Street Journal.

Ferrarese was head of municipal bond institutional sales at Goldman. He will join Whitehaven next month.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.