Goldman Muni Salesman To Hedge Fund

Feb 27 2014 | 12:35pm 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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

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

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of