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Paul Ferrarese to Head Business Development at Whitehaven Asset Management

WSJ – The head of municipal-bond institutional sales at Goldman Sachs & Co. is joining a new hedge fund manager, seeking to take advantage of opportunities in a market that has been rattled by Detroit’s record-setting bankruptcy and fiscal problems in Puerto Rico.

Paul Ferrarese is joining Whitehaven Asset Management LP, where he will serve as head of business development and be charged with finding new investors and managing existing ones. Mr. Ferrarese will also help Scott Richman, who founded the firm in 2013, with investment decisions.

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