Senior Management

Curtis Arledge

Chairman and Chief Executive Officer

Curtis Arledge is Chairman and Chief Executive Officer of Mariner Investment Group, LLC. A founding member of Mariner, Mr. Arledge returned to the firm in 2019 and is responsible for overseeing all aspects of the business and developing new business lines. In addition to his role at Mariner, he serves as head of ORIX Corporation USA asset management, responsible for driving the company’s overall strategy in the space, including facilitating opportunities for growth across ORIX USA’s enterprise.

Mr. Arledge previously served as the CEO of BNY Mellon Investment Management and was also responsible for the firm’s Markets Group. Prior to BNY Mellon, he was the chief investment officer for fundamental fixed income portfolios at BlackRock, Inc. Most recently, Mr. Arledge worked as senior research associate with the Forum for Growth & Innovation at Harvard Business School.

A graduate of Princeton University with a B.S. degree in Electrical Engineering, Mr. Arledge is an Advisory Council member at Princeton’s Bendheim Center for Finance. He previously served as Vice Chairman of the U.S. Treasury Borrowing Advisory Committee and was inducted into the Fixed Income Analysts Society Hall of Fame in 2014. Arledge is a member of the board of directors of Autism Speaks, an autism advocacy organization that sponsors autism research and family services.

William J. Michaelcheck

Founder, Partner and co-Chief Investment Officer

Mr. Michaelcheck founded Mariner Investment Group, LLC in December of 1992, and is Chairman of Mariner’s Investment Committee and a member of Mariner’s Risk Committee. Formerly, he was Executive Vice President of the Bear Stearns Companies and senior managing director of Bear, Stearns & Co. Inc., where he was Co-Head of the Fixed-Income Department and also responsible for all proprietary trading activities and risk management. Mr. Michaelcheck joined Bear Stearns in 1979 as Co-Creator of the Government Bond Department, becoming a General Partner in 1981 and a Senior Managing Director when Bear Stearns became a publicly-held corporation. He was named Executive Vice President in 1987, and served on the firm's Executive Committee and Management and Compensation Committee until leaving Bear Stearns in October 1992.
From 1976 to 1979 he was a Partner at J.F. Eckstein & Co., a U.S. government securities firm, and from 1971 to 1975 served as a Senior Investment Officer at the International Bank for Reconstruction and Development (World Bank). Mr. Michaelcheck is a former member of the Board of Directors of the Chicago Mercantile Exchange and of the Treasury Borrowing Advisory Committee of the Public Securities Association, which counsels the U.S. Department of the Treasury.
Mr. Michaelcheck is a native of Tiptonville, Tennessee, and a graduate of Rhodes College in Memphis. He earned his Master’s degree from the Harvard Business School. In 2014, Mr. Michaelcheck received the Lifetime Achievement Award at the Hedge Funds Review Americas Awards for his contributions to the hedge fund industry.

Charles R. Howe II

Partner, President and Chief Financial Officer

Mr. Howe is the President and Chief Financial Officer for Mariner and is a member of the Firm’s Operating and Investment Committees. Prior to joining Mariner in 1993, Mr. Howe was associated with the public accounting firm of Arthur J. Giglio, CPA. He was Treasurer of the money management firm Gryphon Associates, Inc. from 1989 to 1991. He worked at Genève Corporation, an insurance holding company from 1983 to 1989, where his responsibilities included accounting for that company’s investment portfolios. Mr. Howe earned a B.B.A degree in Accounting from St. Bonaventure University.

John C. Kelty

Esq., Partner, Chief Operating Officer

Mr. Kelty is Mariner's Chief Operating Officer, Associate Counsel and a member of Mariner's Operating and Risk Committees. Before joining Mariner, Mr. Kelty served as Chief Financial Officer and General Counsel to Maystone Partners, a multi-strategy hedge fund manager, prior to which he was a Partner in the Corporate Department at Winston & Strawn LLP, where he specialized in corporate, municipal and structured finance transactions. Mr. Kelty also served as an Assistant District Attorney in New York's Bronx County from 1992 through 1997. He received a B.A. from the University of Virginia and a J.D. from Fordham University School of Law. Mr. Kelty is admitted to the Bar in New York and Massachusetts.

Dmitry Green

Ph.D., Chief Risk Officer

Mr. Green is Mariner’s Chief Risk Officer and a member of Mariner’s Investment and Risk Committees. Formerly, Mr. Green was a Managing Director and CRO of Saba Capital from 2010 to 2015, a credit-focused hedge fund manager with over $5.5bn in assets under management at its peak, where he built the risk function, served on the Investment Committee, and oversaw technology across the firm. Prior to Saba Capital, Mr. Green was Head of Risk Management at BlueMountain Capital. Prior to that, Mr. Green was at BlackRock Solutions, where he focused on fixed income as one of the first team members in Financial Markets Advisory. Mr. Green started his career in finance at McKinsey & Co., where he was an Engagement Manager in the Financial Institutions Group. Mr. Green earned his Ph.D. in Theoretical Physics from Yale University, a Masters in Applied Mathematics from Cambridge University, and a B.A. in Physics from the University of Chicago. He has published highly cited original research and was awarded fellowships by the National Science Foundation and the Winston Churchill Foundation, where he currently serves as a Trustee.

Peter J. O'Rourke

Esq., Partner, General Counsel

Mr. O’Rourke is Mariner’s General Counsel. Formerly, Mr. O’Rourke was a partner at Kramer Levin Naftalis & Frankel, LLP, where he focused on asset management companies, especially registered and unregistered advisers of alternative investment products. He also has extensive experience in financial services regulation, investment company law, mutual funds, and investment partnerships. Mr. O’Rourke is admitted to the Bar in New York and New Jersey. He received a B.A. in 1987 and a J.D. in 1990 from Fordham University. In addition, he received a Master of Laws degree in Taxation from New York University in 1993. Mr. O’Rourke is a member of the New York State Bar Association and has received the Fordham Alumni Medal for Excellence in Constitutional Law as well as the American Jurisprudence Award for Constitutional Law.

Jamie Silver

Managing Director

Ms. Silver is a Managing Director for Mariner. Ms. Silver was formerly a structuring and marketing associate in the Alternative Investments Team with JPMorgan's Private Bank. Prior to joining the Alternative Investments Team in 2000, Ms. Silver was a Credit analyst for Chase Manhattan Private Bank. She successfully completed the Chase Investment Banking Credit analyst Program. Ms. Silver received a B.S. / B.A. concentrating in Finance and Accounting from American University.

Russell A. Thompson

Esq., Deputy General Counsel and Chief Compliance Officer

Mr. Thompson is a Managing Director, Deputy General Counsel and Chief Compliance Officer for Mariner. Prior to joining Mariner, Mr. Thompson was the Chief Compliance Officer at MacKay Shields LLC a multi-product SEC registered investment adviser with over $37 billion under management. From 1994 to 1999, Mr. Thompson was employed by The Prudential Insurance Company of America and served in both a legal and a compliance capacity in support of the company’s investment management businesses that included 17 registered investment advisers with over $200 billion in assets under management. Prior to that, from 1990 to 1994, Mr. Thompson was employed as an Enforcement Attorney with the United States Securities and Exchange Commission. Mr. Thompson received a B.A. from Westfield State College and a J.D. with honors from Western New England College School of Law. He is admitted to the Bar in New York and Massachusetts.

Portfolio Advisors

Christopher Dillon
Mr. Dillon is the Co-Portfolio Manager for Mariner’s Concordia Municipal Opportunities Strategy. Prior to joining Mariner in 2013, he was a portfolio manager, principal and member of the Investment Committee for Concordia Advisors, having joined in 2003 to co-manage Municipal Market Opportunities mandates with James Wise. Prior to joining Concordia in 2003, he was Co-Head of JP Morgan’s tax-exempt Structured Product Group from 1998, having been a Municipal Bond market strategist since 1991. Mr. Dillon holds a B.S. in Business Administration, summa cum laude, from the State University of New York at Albany, and a Masters of Management from Kellogg Graduate School of Management, Northwestern University.
Scott Fahey
Mr. Fahey joined Mariner in 2012 and is a Portfolio Manager for the Firm and also serves as the Portfolio Manager for Mariner’s Fund of Fund business. He had previously been Co-Founder and Chief Investment Officer of Rockwood Investment Management, LLC from 2008 to 2012. While at Rockwood, Mr. Fahey managed various separate accounts for Mariner. Prior, he served as Head of High Yield, Distressed and Leveraged Loan Trading for CIBC World Markets, Inc. from 2000 to 2007. From 1993 to 1999, Mr. Fahey was Co-Founder and Head of High Yield and Distressed Trading at Chase Securities, Inc. Mr. Fahey’s career began at Lehman Brothers in 1984 where he ultimately held the title of Senior Vice President and was Co-Head of High Yield Trading. Mr. Fahey graduated magna cum laude from Boston University with a BS in Finance.
Kevin Finnerty
Mr. Finnerty is a Co-Portfolio Manager for the Galton Team. Mr. Finnerty joined Mariner in 2005 and formerly was a founding principal of Mariner FI Capital Group, LLC, a trading team within Mariner that provided day-to-day portfolio management services to an agency mortgage related hedge fund (which is no longer in operation). Prior to joining Mariner in 2005, he was a Managing Director at JP Morgan Chase running the Mortgage Securities Department since 1999. Mr. Finnerty worked at Bear Stearns from 1986 to 1996 where he was a Senior Managing Director holding numerous trading positions, but ultimately heading the Mortgage Securities Department and becoming a member of their Board of Directors. Mr. Finnerty also ran the Mortgage Securities Department at UBS from 1996 to 1998 and was Chairman of the Mortgage and Asset Backed Division of the Bond Market Association in 2003. He currently serves as a Director of publicly traded REIT New Residential Corp (NRZ – NYSE). Mr. Finnerty has served two 4 year terms on the Board of Trustees at Loyola University Maryland including his time as Chairman of their endowment Investment Committee. Mr. Finnerty graduated from St. John’s University with a B.S. in Communication Arts and a minor in Economics.
Erik Gunnerson
Mr. Gunnerson joined Mariner in 2014 as Co-Head and Portfolio Manager of Mariner’s Leveraged Credit Team. Prior to joining Mariner, Mr. Gunnerson served as the Co-Head of this same group under its prior name, ORIX Proprietary Investing, while employed at ORIX USA. Prior to that, Mr. Gunnerson was a Portfolio Manager at Highland Capital Management. At Highland, Mr. Gunnerson was actively managing the financial institutions portfolio, making investments across the capital structure. Previously, he worked as an Associate for Citigroup in the Global Capital Markets division. At Citigroup, he was responsible for selling primary and secondary leveraged loans. Before joining Citigroup, Mr. Gunnerson worked at Deutsche Bank Securities as an Investment Banking Analyst in the Chemicals industry team and successfully completed several M&A transactions. Mr. Gunnerson received a Bachelor of Science degree in International Finance from Brigham Young University in 2000 and a Masters of Business Administration from the University of Southern California in 2005.
Tal Gurion
Mr. Gurion joined Mariner in 2014 as Portfolio Manager for the Mariner Glen Oaks Strategy. Prior to Mariner, Mr. Gurion was a Portfolio Manager at Allen & Company where he managed Allen Global Partner’s credit portfolio since 2009. Prior to Allen & Company, he was a Portfolio Manager at JD Capital Management where he initiated and led the firm’s entry into the credit markets. Previously, he was a Co-Founder and assistant Portfolio Manager for Eos Credit Opportunities. He began his career in the investment banking department of Goldman Sachs & Company. Mr. Gurion graduated summa cum laude from Duke University with a B.A. in Economics and History and also received a J.D. from Harvard Law School.
Robert Heine
Mr. Heine rejoined Mariner in April 2017 as a Portfolio Manager for the Firm. Mr. Heine began investing capital for Mariner in 1998 and spent approximately 11 years at the Firm managing a team that traded a government securities cash/futures arbitrage strategy. From 2009 through 2016, Mr. Heine worked as a partner in proprietary trading firms with a two and a half year tenure at Morven Advisors, a fixed income hedge fund. Prior to joining Mariner in 1998, Mr. Heine managed the Treasury arbitrage desk for Deutsche Bank GS and was a director and trader for the fixed-income proprietary desk at Credit Suisse First Boston. He started his career as a trader on the Chicago Mercantile Exchange. Mr. Heine earned an M.B.A. from Rutgers University and a bachelor's degree from Franklin and Marshall College.
Andrew Hohns
Mr. Hohns serves as Lead Portfolio Manager for Mariner’s International Infrastructure Finance Company (“IIFC”) regulatory capital strategy. Prior to joining Mariner in 2012, Dr. Hohns was a Managing Director at Institutional Financial Markets, Inc. (now known as Cohen & Company Financial Management, LLC), which he joined at its inception in 2001. At IFMI, Dr. Hohns developed and managed the firm’s municipal securities platform and executed capital market strategies for structured credit products and other managed funds. Among these, Dr. Hohns developed Non-Profit Preferred Funding, the first institutional-scale fixed-income Impact Investment product, and the recipient of the 2006 Deal of the Year from Total Securitization magazine. In 2008, Institutional Investor Magazine named Dr. Hohns as a member of its “20 Rising Stars of Fixed Income.” Dr. Hohns holds a B.S. in Economics from the Wharton School at the University of Pennsylvania, a Masters in Liberal Arts from the School of Arts and Sciences at the University of Pennsylvania, and a Ph.D. in Applied Economics and Managerial Sciences from the Wharton School at the University of Pennsylvania. His dissertation topic, Justice and Infrastructure, explores the extent of the funding gap in project finance while developing several financial institution-based solutions to meet the world’s infrastructure capital needs. Dr. Hohns has also served as an Adjunct Assistant Professor and Research Fellow at The Leonard N. Stern School of Business at New York University since 2012.
Michael Jiganti
Mr. Jiganti joined Mariner in 2017 and is a Portfolio Manager for the Firm. Prior to Mariner, he was a Portfolio Manager at Morven Advisors in G7 interest rates. Previously, he was a Vice President at Credit Suisse where he led U.S. linear rates risk management. He started his career as an Interest Rate Trader at partner-owned proprietary trading firms. Mr. Jiganti earned an M.B.A. in Quantitative Finance from New York University’s Stern School of Business and a B.A. in Economics from the University of Colorado. Mr. Jiganti is a Chartered Financial Analyst.
David Martin
Mr. Martin joined Mariner in 2014 as Co-Head and Portfolio Manager of Mariner’s Leveraged Credit Team. Prior to joining Mariner, Mr. Martin served as the Co-Head of this same group under its prior name, ORIX Proprietary Investing, while employed at ORIX USA. Prior to joining ORIX he was a Senior VP at Imperial Capital, LLC where he worked in Loan Trading Desk Analytics. Prior to that, Mr. Martin was a Portfolio Manager at Highland Capital Management, L.P. While at Highland, Mr. Martin managed a portfolio consisting primarily of leveraged loans and high yield securities in designated industry verticals including Telecom, Cable and Media. Before joining Highland, Mr. Martin was a Vice President at Newcastle Partners, a Dallas based hedge fund that invested in all parts of the capital structure. Prior to Newcastle, Mr. Martin worked at Imperial Capital, LLC on their trading desk focused on analysis of distressed credits and before that in their investment banking group. Before joining Imperial Capital, LLC, Mr. Martin worked for Enron Corp in their associate program. Mr. Martin received a Bachelor of Science degree in Finance from Texas A&M University in 1994, a Masters in Professional Accounting from the University of Texas in 1998, and a Masters of Business Administration with an emphasis in Finance from the University of Texas in 1998.
John (Jack) Poulson
Mr. Poulson joined Mariner in August 2008 as a Portfolio Manager for the Firm. Prior to joining Mariner, Mr. Poulson was Head Portfolio Manager of the Silvermine strategy at Five Mile Capital. Prior to Five Mile, Mr. Poulson was with Greenwich Capital Markets (GCM) from 1984-2002, most recently as Co-Head of the Liquid Products Group. Mr. Poulson initially traded U.S. Treasuries for Greenwich Capital as a market-maker and during the following nine years he became a senior U.S. Treasury trader and helped build a new primary dealership into one of the largest operations on Wall Street. In 1993, Mr. Poulson re-focused his efforts to concentrate solely on proprietary trading for GCM, creating a highly profitable business investing in U.S., Canadian, European and Japanese interest rate markets. In 1999, the parent of GCM (NatWest Bank PLC) appointed Mr. Poulson Head of Global Sovereign Debt in London. Mr. Poulson holds a B.S. degree from the McIntire School of Commerce, University of Virginia and a M.B.A. from the University of Houston. Mr. Poulson is Treasurer and Chair of the Finance Committee at Plan International USA.
Arun Puri
Mr. Puri is Strategy Head and Portfolio Manager of the Concordia G-10 Fixed Income Relative Value Strategy. Prior to joining Mariner in April 2013, he was the Strategy Head and a Portfolio Manager at Concordia Advisors, LLC (“Concordia”). He joined Concordia in 1998 as Co-Portfolio Manager in the G-10 Fixed Income team from Barclay Investment (“BI”), a sub-advisor to Concordia, where he was a fixed income strategist. Prior to that, he worked for First Union Bank as a manager of its U.S. dollar derivatives and treasury portfolios. He was a partner and on the board of directors of Concordia. Arun Puri holds an MBA from the University of Pittsburgh and a Bachelor’s of Science with Honors in Physics, Mathematics, and Geology from Punjab University, India.
Greg Schwab
Mr. Schwab is a Portfolio Manager for the Firm. He has traded mortgage-backed securities for Mariner since 2005, focusing primarily on agency and non-agency mortgage derivatives. Prior to joining Mariner, Mr. Schwab was a Managing Director on the Bear Stearns Mortgage Desk. Mr. Schwab spent 19 years at Bear Stearns, trading all varieties of CMO’s, CDO’s, CBO’s and securitized fixed income assets. Mr. Schwab specialized in structuring, creating and trading complex mortgage derivative tranches. Over the course of Mr. Schwab’s career, he has been a trader in New York City, London and Tokyo. Mr. Schwab holds a B.A. in Finance from State University New York at Albany.
Matt Shulman
Mr. Shulman is a Portfolio Manager for the Firm and serves as Deputy Portfolio Manager for Mariner Atlantic, Mariner’s flagship fixed income relative value strategy. Mr. Shulman has traded mortgage-backed securities for Mariner since 2007, focusing on both agency and non-agency MBS securities. Prior to joining Mariner, Mr. Shulman was a trader at Truman Capital where he was responsible for the valuation, acquisition and securitization of scratch and dent and non-performing residential whole loans, as well as mortgage residuals and subordinate bonds. Mr. Shulman began his career on Wall Street as an Agency CMO trader at Donaldson, Lufkin and Jenrette. Mr. Shulman was also a founder, director and Chief Financial Officer of Cityfeet.com, a leading commercial real estate website acquired by Loopnet Inc. (Nasdaq: LOOP). Mr. Shulman holds a B.A. in economics from Duke University and an M.B.A. in Finance from the Wharton School, graduating with distinction as a Palmer Scholar.
Ajay Totlani
Mr. Totlani joined Mariner in 2019 and is a Portfolio Manager for the Firm. Prior to Mariner, he was the Head of U.S. Inflation at Credit Suisse. Prior to joining Credit Suisse in January 2015, Mr. Totlani was the Head of U.S. Inflation at Societe Generale, prior to which he ran the U.S. Cash Inflation desk at Bank of America Merrill Lynch. Mr. Totlani holds an MBA in Economics and Analytical Finance from the University of Chicago
Matthew Whalen
Mr. Whalen is a Co-Portfolio Manager for the Galton Team. Prior to joining Mariner, Mr. Whalen was a Managing Director and Co-Head of Merrill Lynch's Non-Conforming Mortgage Businesses. After joining Merrill Lynch in 2002, he helped in successfully re-launching their whole loan and third party mortgage originations businesses with in excess of $100 billion issued during his tenure. Prior to Merrill, Mr. Whalen ran Home Equity Banking at JPMorgan Securities where he worked from 2000 through 2002. Mr. Whalen was a Senior Vice President at Chase Manhattan Mortgage where he worked from 1993 through 2000. During this time, he was one of the senior managers who helped launch Chase Funding, a subprime lender, in 1995 with his primary responsibilities including Capital Markets activities for Chase Funding. These activities included the CFAB and CFLAT securitization programs, pricing, servicing oversight, whole loan trading, and hedging. Mr. Whalen holds an M.B.A. and a B.S. in Applied Math and English Literature from University of Pittsburgh.
James Wise
Mr. Wise is the Co-Portfolio Manager for Mariner’s Concordia Municipal Opportunities Strategy. Prior to joining Mariner in 2013, he was a portfolio manager, principal and board director of Concordia, having joined in 2003 to co-manage Municipal Market Opportunities mandates with Christopher Dillon. Prior to joining Concordia, he was from 1998 Co-Head of JP Morgan’s Municipal Structured Product Group and head of the that area’s proprietary trading effort, having been a municipal bond market-maker and risk manager since 1993. James Wise holds a B.S. in Economics with a Finance concentration from the University of Pennsylvania’s Wharton School and an Executive M.B.A. in Finance with Distinction from New York University’s Leonard N. Stern School of Business.