Hedge Funds People Moves Performance

Waterfall hires PineBridge marketing pro

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Waterfall Asset Management has brought in an institutional sales executive from AIG’s former investment management division.

Andre Cuerington
Waterfall Asset Management, a $1.3 billion asset-backed securities investor in New York, has hired Andre Cuerington to head up its institutional sales effort. The position is new and the firm plans to add more marketers to the team.

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