Fundamental hires Negroni for municipal credit opportunities strategy

By Tali David

Minneapolis, June 12 - Fundamental Advisors LP announced the launch of Fundamental Credit Opportunities, which will deploy a unique strategy to capitalize on a lasting, recurring set of structural inefficiencies in the municipal market, according to a press release.

The strategy will be co-led by Hector Negroni, who previously led municipals at Goldman Sachs & Co. Negroni will serve as co-chief executive officer and chief investment officer of Fundamental Credit Opportunities.

"We are pleased and excited to launch our new strategy in partnership with Hector Negroni, a veteran municipal portfolio manager with an outstanding record of success over his 20-year career," Fundamental chairman and chief executive officer Laurence Gottlieb said in the release.

At Goldman Sachs, Negroni served as a managing director overseeing municipal capital commitments, flow and proprietary trading, money markets, collateralized lending and issuer derivatives.

He joined Goldman Sachs in 2005 and has more than 20 years of municipal portfolio management experience. Before to working at Goldman Sachs, Negroni worked at Societe Generale, Lazard Freres and Citigroup.

Fundamental is a New York-based investor.

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