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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of