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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...