GSAM names co-CIOs for Liberty Harbor credit hedge fund group
By Christine Williamson | February 1, 2013 2:38 pm
Brendan McGovern and Salvatore “Sal” Lentini, both Goldman Sachs Asset Management managing directors, were named co-chief investment officers of Liberty Harbor, the firm's $5 billion credit hedge fund group, according to a Jan. 28 client letter that was obtained by Pensions & Investments.
Mr. McGovern was senior portfolio manager and Mr. Lentini was head of credit trading of Liberty Harbor; both are based in GSAM's Greenwich, Conn. office.
The pair joined GSAM in 2006 from Amaranth Advisors, along with Gregg Felton, the prior CIO of Liberty Harbor, who is retiring from the firm, the GSAM memo said.
Mr. Felton could not be reached for information about his future plans.
Messrs. McGovern and Lentini report to Raanan Agus, managing director and global co-head of the Goldman Sachs Investment Partners division, who will provide “management oversight” of the Liberty Harbor team, in addition to his current responsibilities, the GSAM client letter said.
Information about replacements for Messrs. McGovern and Lentini in their former roles could not be learned.
Andrea Raphael, a GSAM spokeswoman declined to comment about Mr. Felton's departure or Messrs. McGovern and Lentini's new positions.