Senior Management

Curtis Arledge

Partner, Chairman and Chief Executive Officer

Mr. Arledge is Chairman and Chief Executive Officer of Mariner and a member of the Firm’s Management Committee. 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.

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 Vice Chairman

Mr. Michaelcheck founded Mariner Investment Group, LLC in December of 1992, and is Chairman of Mariner’s Investment Oversight Committee and a member of Mariner’s Management and Risk Committees. 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. Mr. Michaelcheck serves on the Board of Trustees at Rhodes College. 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 Investment Oversight, Management and Risk 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.

Edward G. Fisher III

Partner, Chief Investment Officer

Mr. Fisher is Mariner’s Chief Investment Officer and a member of Mariner's Investment Oversight, Management and Risk Committees. Mr. Fisher joined Mariner from BNY Mellon Bank where he was Managing Director overseeing Fixed Income and Equities trading for the bank since 2015. Prior to that, he was co‐founder and managing partner of 5:15 Capital Management, a G7 rates arbitrage fund, overseeing AUM growth to over $1 billion during the firm’s initial 24 months of operation, where he traded a balance sheet of over $30 billion. Prior to founding 5:15 Capital Management in 2009, Mr. Fisher was a Partner at Brevan Howard in 2008; a Managing Director at Greenwich Capital Markets from 1996 to 2008; and a Vice President at Blackrock Financial Management from 1990 to 1996. Mr. Fisher received a BA in economics from Dartmouth.

Daniel Bradley

Chief Risk Officer

Mr. Bradley is Mariner’s Chief Risk Officer and a member of Mariner’s Investment Oversight, Management and Risk Committees. Before joining Mariner in 2020, Mr. Bradley was a Partner and Head of Risk Management at Tricadia Capital with firm-wide responsibilities encompassing capital allocation, hedging, technology, and investor communication. Prior to joining Tricadia, Mr. Bradley was focused on developing and implementing valuation and risk methodologies for structured products at Deutsche Bank. Before Deutsche Bank, Mr. Bradley was an Investment Analyst at TIAA-CREF and Ward & Wissner Capital. Mr. Bradley holds a graduate degree from Carnegie Mellon and an undergraduate degree from Northeastern University.

Justin Goh

Chief Strategy Officer

Mr. Goh is Mariner’s Chief Strategy Officer and a member of the Firm’s Management Committee. Prior to joining Mariner, Mr. Goh was Managing Director, Private Capital and Office of the President at ORIX Corporation, a former affiliate of Mariner. Previously, Mr. Goh was Managing Director, Credit Strategy and COO Team at Apollo Global Management. Prior to Apollo, Mr. Goh held multiple roles at J.P. Morgan Chase, including Managing Director, Corporate M&A and Managing Director, Strategy and Development for Asset and Wealth Management. Earlier in Mr. Goh’s career, he held investment banking roles at J.P. Morgan and Merrill Lynch, corporate development and strategy roles at Equinix and Nortel Networks, and was a management consultant at Price Waterhouse. During his career, Mr. Goh has completed several dozen M&A transactions and private investments in multiple countries and has extensive experience in raising capital in both public and private markets. Mr. Goh graduated from Princeton University with a B.A. in Politics.

John C. Kelty

Esq., Partner, Chief Operating Officer

Mr. Kelty is Mariner's Chief Operating Officer, Associate Counsel and a member of Mariner's Management 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.

Peter J. O'Rourke

Esq., Partner, General Counsel

Mr. O’Rourke is Mariner’s General Counsel and a member of the Firm’s Management Committee. 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

Chief Commercial Officer

Ms. Silver is a Managing Director and Chief Commercial Officer for Mariner and a member of the Firm’s Investment Oversight, Management and Risk Committees. 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, Ms. Silver was a Credit analyst for Chase Manhattan Private Bank. Ms. Silver received a B.S. / B.A. concentrating in Finance and Accounting from American University.

Russell A. Thompson

Esq., Chief Compliance Officer and Deputy General Counsel

Mr. Thompson is a Managing Director, Chief Compliance Officer and Deputy General Counsel for Mariner and a member of the Firm’s Management Committee. Mr. Thompson joined the firm in July 2004 and has been instrumental in establishing and advancing Mariner’s current compliance program. 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 at the time of his departure. 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. From 1990 to 1994, Mr. Thompson was employed as an Enforcement Attorney with the United States Securities and Exchange Commission’s New York Regional Office. 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.

William Turchyn

Partner, President and CEO of Mariner Group Capital Markets, LLC

Mr. Turchyn is a Partner and a member of the Firm’s Management Committee. Mr. Turchyn is also the President and CEO of Mariner Group Capital Markets, LLC, the Firm’s affiliated broker dealer.

Before joining Mariner, Mr. Turchyn was Chairman of ING Furman Selz Capital Management, where he was responsible for the firm’s hedge fund operations. Mr. Turchyn was a member of the ING Aeltus Operating Committee, responsible for the management of over $50 billion of alternative and traditional investment strategies. Prior to ING, Mr. Turchyn was associated with Shearson Lehman Hutton, American Express and its predecessor, E.F. Hutton & Company, where he was Executive Vice President, Head of Private Equity Origination, Asset Management and Real Estate Investment Activities.

Mr. Turchyn has previously served as Chairman of the Direct Investment Committee of the Securities Industry Association and was also a member of the Private Equity/ Direct Participation Committee of FINRA. Mr. Turchyn was a founding member of the Money Management Institute and served on the Board of Directors for more than 15 years.

Prior to joining Mariner, Mr. Turchyn served as a member of the Board of Directors of a number of private and public companies including W.P. Carey and Company, Franchise Finance Corporation of America, America First Companies, Silver Screen Management, Inc. and Polaris Industries, Inc.

Mr. Turchyn received a BS in Economics from St. Peter’s University. He previously served as a Trustee of St. Peter’s University and as Vice Chairman of the Investment Committee for the University’s endowment.

Portfolio Advisors

Joseph Allen
Mr. Allen is a Portfolio Manager and Head of Mortgage Credit and Structured Product Trading for the Galton Team. Prior to joining Mariner in 2017, he served as the Senior Portfolio Manager in charge of securitized products trading at Marinus Capital Advisors, LLC from 2009-2017. At Marinus he focused on all mortgage credit as well as ABS, CLO, and other related securitized investments. Prior to Marinus he was a senior trader in the Structured Finance Group at Blackstone/GSO Capital (2008-09) and a trader at Brevan Howard (2007). Previously, he was Director – Head of the CMBS/Agency Commercial Loan Trading Desk at Nomura Securities International (2005-2007). His responsibilities included overseeing all secondary CMBS trading, managing the Agency Commercial loan and trading business, and working with the CRE origination group on new loan originations and pricing. He launched his career at Nomura Securities International as a trader on the Residential Whole Loan Desk (2002-05) where he was involved in both agency and non-agency securitizations and in trading RMBS securities backed by re-performing, Alt-A, and subprime collateral as well as non-performing loans and other asset backed securities. Mr. Allen graduated cum laude from Cornell University (2002), holds a B.S. in Applied Economics and Management, and received his CFA designation in 2012.
James Cleary
Mr. Cleary joined Mariner in 2020 and is a Portfolio Manager for the Firm. Prior to joining Mariner, Mr. Cleary was a trader on the relative value trading team at Field Street Capital Management since 2014. He previously worked at BNP Paribas for nine years. From 2005 to 2008, he spent the majority of that time as a member of the Fixed Income Sales team, focusing on interest rate derivatives products. From 2008 to 2014 he worked in Interest Rate Trading on both the Interest Rate Swaps and USD Agency desks. Mr. Cleary graduated from Franklin and Marshall College with a BA in Business Administration.
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.
Frank Disanti
Mr. Disanti joined Mariner in 2013 and is a Portfolio Manager for the Firm. During his time at Mariner, Mr. Disanti has worked in various capacities, most recently as a Junior Portfolio Manager involved in all facets of the MBS investment process, including mortgage basis trading, prepayment theme research, IO security selection, specified pool strategies and portfolio hedging. Mr. Disanti holds a CFA and a BS degree in Business Administration from SUNY Geneseo.
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.
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.
Ali Hassani
Mr. Hassani joined Mariner in 2021 and is a Portfolio Manager for the Firm. Previously Mr. Hassani was the founder and Chief Investment Officer of Oxus Capital Management, an absolute return fund investing in both corporate credit and emerging markets fixed income. Prior to the launch of Oxus, he invested in similar strategies at Bracebridge Capital. In 2014, Mr. Hassani was invited to help develop and manage the newly formed, external-facing, sovereign wealth fund of Kazakhstan as the senior adviser to its CEO and as a voting member of its investment committee. In 2010, during the start of the European Sovereign Debt Crisis, he joined Millennium Management where he invested in emerging markets fixed income. Mr. Hassani launched his career at Morgan Stanley, first in the firm wide risk department, moving then to the Structured Corporate Credit Desk, and then ultimately running the firm’s Proprietary Corporate Credit strategy throughout the Global Financial Crisis. He holds a B.S. degree with a double major in Mathematics and Economics from the California Institute of Technology where he was admitted with a merit scholarship.
Michael Lipsky
Mr. Lipsky joined Mariner in 2020 and is a Portfolio Manager for the Firm. Prior to joining Mariner, he was a Senior Analyst at Knighthead Capital Management. From 2011 to 2018, he was a Partner at MatlinPatterson Global Advisers LLC and Senior Portfolio Manager of the Global Opportunities Fund. From 2009 to 2011, Mr. Lipsky was a Managing Director at Blackrock, Inc. where he was the Portfolio Manager for the Value Credit Partners fund and head of distressed investments in the R3 Capital fund. Prior to joining Blackrock in 2009, Mr. Lipsky was a Senior Partner and Head of Distressed Products for R3 Capital Partners. He held a similar role with Lehman Brothers’ Global Principal Strategies group from 2007 to 2008. Earlier, he spent seven years with Deutsche Bank Securities, Inc. and was most recently a Managing Director in the Global Distressed Products group. From 1996 to 2000, Mr. Lipsky was an Associate in the Fixed Income Currencies and Commodities Group at Goldman Sachs & Co. Mr. Lipsky holds an MBA, with honors, from Columbia Business School and a BA degree from the University of Pennsylvania.
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.
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.
Adam Rilander
Mr. Rilander is a Portfolio Manager and Head of Agency MBS Trading for the Galton Team. He has spent his career investing in, trading and researching Agency Mortgage Backed Securities. Most recently, from 2015 through 2016, Mr. Rilander was running a team overseeing the Agency derivative and mortgage option position at Premium Point Investments. From 2006-2015, he was trading Agency Mortgage Backed Securities at JPMorgan, becoming a Managing Director and the senior secondary trader on the Agency MBS desk. Prior to joining JPM, Mr. Rilander began his career in 2003 at Bear Stearns as a research analyst focused on Agency Mortgage Backed Securities. Mr. Rilander co-authored a chapter in Fabozzi’s “The Handbook of Mortgage Backed Securities, Sixth Edition” titled “Uncovering the Risk-Adjusted Carry in MBS.” Mr. Rilander graduated with an A.B. in Economics from Princeton University in 2003.
Greg Schwab
Mr. Schwab is a Portfolio Manager for the Firm. Prior to joining Mariner in 2005, 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.
Rich Swift
Mr. Swift joined Mariner in 2021 and is a Partner and Portfolio Manager for the Mariner GreyArc Team. Prior to joining Mariner, Mr. Swift was the Co-Founder and Chief Investment Officer of GreyArc Global Investors, where he served as Chairman of the Investment Committee. Prior to starting GreyArc, Mr. Swift worked at GreyArc’s parent company, Axonic Capital LLC, as a Managing Director. Before joining Axonic, he was the Managing Partner of Point Capital Partners, a merchant bank he re-structured in 2009. Previously, he co-founded Stadia Capital LLC, a global long/short fund in 2001 which he later sold to FrontPoint in 2007. Prior to starting Stadia, he was an analyst at long/short fund Red Coat Capital and the Consumer Investment Banking group at Merrill Lynch & Co. in New York. Mr. Swift served in the 1st Armored Division in the United States Army. He received a B.S. in Economics from the United States Military Academy at West Point and an M.B.A. from New York University.
Theodore Temple
Mr. Temple joined Mariner in 2020 and is a Portfolio Manager for the Firm. Prior to Mariner, Mr. Temple was at BNY Mellon where he most recently was Director, Head of Treasury Trading since 2017 and previously a Managing Director at 484Wall Capital / BNY Mellon where from 2013 to 2015 he served as US Rates Arbitrage and Cycle Trading Portfolio Manager. From 2001 through 2005, he served as a Global Macro Trader for Nexus Capital. In 2006 he joined Lee Cooperman’s Omega Advisors as a Global Macro Trader and Brevan Howard in 2008. In 2010 Mr. Temple joined 5:15 Capital Management as a US Treasury Arbitrage Trader. From 2015 to 2017, he was a Managing Partner at Tempest Trading LLC. Mr. Temple attended Johnson & Wales University.
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.
Paul Zhao
Mr. Zhao joined Mariner in 2022 and is a Portfolio Manager for the Firm. Most recently he was a senior portfolio manager running a linear rates book at Point72 Asset Management. Previously, Mr. Zhao served as a portfolio manager in linear rates and inflation at Capula Investment, Bluecrest Capital Management, Citadel and HBK Capital Management. Prior to hedge funds, Mr. Zhao was head of US rates and global inflation portfolio management at Fischer Francis Trees and Watts (rebranded to BNP Paribas Asset Management) where he also served as co-head of the central bank portfolio management group. From 1996 to 2004, he progressed from a portfolio associate to the lead portfolio manager in Treasuries, Agencies and Inflation Linked Bonds at TIAA-CREF. Paul Zhao holds an MBA in Finance from Yale University, School of Management.