Wednesday, 28 January 2015
Last updated 7 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…