Waterfall Asset Management has brought in an institutional sales executive from AIG’s former investment management division.
Cuerington was previously a vice president in U.S. public fund sales at PineBridge Investments. PineBridge, formerly known as AIG Investments, was purchased by private equity firm Pacific Century Group for $277 million in March.
Waterfall focuses on high-yield asset backed securities and non-performing residential and commercial loans. It was founded in 2005 by Tom Capasse and Jack