Scott Richman is the managing member and chief investment officer at Whitehaven Asset Management. Prior to founding Whitehaven in 2013, Mr. Richman was head of municipal investments at Gracie Asset Management, LP (Gracie), a ~$2 billion dollar hedge fund at the time of his departure, from May 2008 through March 2012. He founded the municipal business at Gracie where he was the only municipal investment professional. Mr. Richman’s duties included portfolio management, credit research, trade execution, meeting with investors and issuers, and managing sell-side relationships. He also utilized U.S. interest rate products to mitigate interest rate risk and sovereign fixed income markets to hedge macroeconomic event risk. Before joining Gracie, Mr. Richman worked at Lehman Brothers from July 2005 through May 2008 where he was a proprietary trader on a ~$2 billion dollar municipal and interest rate products portfolio. Mr. Richman graduated from the Wharton School at the University of Pennsylvania with a B.S. in economics and a concentration in finance along with a minor in political science.
Paul Ferrarese is a senior partner at Whitehaven Asset Management where he participates in the investment process, leads business development, and oversees investor relations. Prior to joining Whitehaven, Mr. Ferrarese was a managing director and head of municipal institutional sales for Goldman Sachs. In this capacity, he was responsible for leading a team of 11 professionals, was a member of the credit sales operating committee and municipal securities risk committee and was charged with managing the firm’s relationships with institutional investors. From 2006 through 2008 Mr. Ferrarese was the co-head of Merrill Lynch’s institutional municipal derivative sales desk covering banks, insurance companies, hedge funds and other institutional investors both domestically and abroad. As a member of the municipal securities division at Citigroup and its predecessor firms from 1993 through 2006, he held various roles in institutional sales ultimately serving as a managing director. Mr. Ferrarese earned an M.B.A. with a concentration in finance from the M.I.T. Sloan School of Management and a B.S. from Tufts University.
Andrew Goodwin is a senior partner at Whitehaven Asset Management where he helps to oversee distressed and high yield investing across municipal, public purpose, and corporate credit. Previously, Mr. Goodwin was a managing partner and head of research at Duane Park Capital Management, a multi asset class credit opportunities fund, where he was responsible for managing the fundamental portion of the investment process including thematic idea generation, fundamental analysis, management of the analyst team, and vetting all fundamental positions that entered the portfolio. Additionally, Mr. Goodwin was responsible for many aspects of business management. Before founding Duane Park, Mr. Goodwin was a portfolio manager at Claren Road Asset Management where he had responsibility for all public purpose and municipal risk positions and worked alongside other portfolio managers on distressed, high yield, and investment grade positions in the U.S. and Europe. Prior to joining Claren Road, Mr. Goodwin held various positions in the municipal securities division at Citigroup from 2004 through 2013 and was head of high yield and distressed municipal trading from 2009 through 2013. In this capacity, Mr. Goodwin was responsible for managing high yield and distressed risk positions across the municipal, project finance, securitized, and corporate sectors. Mr. Goodwin graduated with a B.A. from Colgate University with a major in economics along with a minor in political science.
Vincent Marchisella is the chief financial officer and chief compliance officer at Whitehaven Asset Management. Prior to joining Whitehaven in 2013, Mr. Marchisella was the chief financial officer and chief compliance officer from April 2004 through October 2013 at Wesley Capital Management, LLC (Wesley), a long/short real estate focused hedge fund that invested in equities, fixed income and OTC derivatives. During Mr. Marchisella’ s tenure, the firm grew from ~$200 million to ~$1.6 billion in assets under management. Prior to joining Wesley, Mr. Marchisella was the chief financial officer from July 2001 through April 2004 at Archery Capital, LLC, a New York based fund of hedge funds and worked from October 1996 through July 2001 in the audit department of Goldstein Golub Kessler & Co, LLP, a New York based public accounting firm where he was a manager in the financial services group focused on hedge funds and investment partnerships. Mr. Marchisella graduated from Queens College of the City University of New York with a B.A. in accounting and information systems. Mr. Marchisella is a C.P.A. certified by the State of New York.
Kimberly Palese is the chief operating officer at Whitehaven Asset Management. Prior to joining Whitehaven, Ms. Palese was most recently the chief financial officer at Mangrove Partners, a value-oriented and special situations hedge fund. In this capacity, Ms. Palese was responsible for the accounting and operations teams while the firm grew from ~$300 million to ~$1.1 billion in assets under management. Prior to joining Mangrove Partners, Ms. Palese was a manager at The Carlyle Group as part of the Global Credit division. In this role, she was focused on the accounting and fund management for Carlyle’s CLO and direct lending platforms. Prior to her work at The Carlyle Group, Ms. Palese was a senior associate at PwC, where she audited the investment portfolios of insurance companies. Ms. Palese graduated from Marquette University with a B.S. in accounting and international business. Ms. Palese is a C.P.A. certified by the State of New York.
Towny Swiggett is a partner and senior investment professional at Whitehaven Asset Management where he participates in the investment process including portfolio construction, credit research, sell-side interaction, and trade execution. Prior to joining Whitehaven, Mr. Swiggett was a vice president in institutional municipal trading at Barclays where he held primary trading responsibilities in a variety of areas within the high grade, high yield, and distressed municipal markets. In this capacity, he led trading in sectors including, but not limited to Puerto Rico, Chicago/Illinois, healthcare, pre-pay gas, project finance, New York high yield, and long high grade bonds. He was also responsible for managing and hedging interest rate and credit risk by utilizing interest rate and synthetic credit products. Mr. Swiggett was instrumental in developing relationships with non-traditional municipal investors seeking total return opportunities within the municipal asset class. Mr. Swiggett graduated from Dartmouth College with a B.A. in economics modified with biology.
Frank Rizzaro is an investment professional at Whitehaven Asset Management where he conducts credit analysis and actively participates in the investment process. Prior to joining Whitehaven, Mr. Rizzaro was an associate at Fore Research & Management (Fore), where he was responsible for identifying and analyzing distressed, high yield, and investment grade opportunities at all levels of the capital structure. Before joining Fore, Mr. Rizzaro worked at Barclays as an analyst within the investment bank on the restructuring and finance team. Mr. Rizzaro graduated from the Dyson School at Cornell University with a B.S. in applied economics and management.
Thomas Dunleavy is an investment professional at Whitehaven Asset Management where he conducts credit analysis and actively participates in the investment process. Prior to joining Whitehaven, Mr. Dunleavy was a vice president at Morgan Stanley, where he served as an institutional trading desk credit analyst. In this role, he led credit analysis in sectors including, but not limited to, not-for-profit healthcare, Chicago/Illinois, New Jersey, military housing, and project finance. Mr. Dunleavy was also responsible for identifying and analyzing high yield and investment grade opportunities within the municipal sector. Mr. Dunleavy graduated from Lafayette College with a B.A. in economics and a concentration in finance along with a minor in history.
Zach DeVries is an investment professional at Whitehaven Asset Management where he conducts credit analysis and actively participates in the investment process. Prior to joining Whitehaven, Mr. DeVries was an associate at Preston Hollow Capital where he served on the investment team focused on evaluating and structuring both public and private municipal investment opportunities. Prior to Preston Hollow Capital, Mr. DeVries worked at Citigroup in the public finance department where he served as an analyst focused on investment grade and high-yield transactions. In this role he worked with issuers across various sectors including, but not limited to, real estate, utilities, transportation, parking, and public-private partnerships. Mr. DeVries graduated from Southern Methodist University with a B.B.A. in finance.
Rob Clough is a quantitative analyst at Whitehaven Asset Management where his responsibilities include the creation and maintenance of tools that support multiple job functions across the firm. Rob has designed quantitative tools that enable the investment team to better manage and monitor risk, the operations team to streamline their daily processes, and the investor relations and business development team to view key drivers of performance. Prior to joining Whitehaven, Rob worked as a member of the operations team at a hedge fund in Greenwich, CT where he was responsible for data management and automation of reporting. Rob began his career working with a specialty finance firm in a role monitoring and updating models for complex trade receivable securitizations. He graduated from Fairfield university with a B.A in finance.
Matthew Luxenberg is Head of Financing at Whitehaven Asset Management where his responsibilities include optimally funding the firm’s investment positions, prime brokerage relationship management, and oversight of middle office operations. Prior to joining Whitehaven, Mr. Luxenberg was an Advanced Fixed Income Specialist at Bloomberg, LP. Mr. Luxenberg graduated from the Sy Syms School of Business at Yeshiva University with a B.S in accounting.