GoldenTree chief investment officer Steven Tananbaum was quoted by Bloomberg as saying that Salem managed Goldman’s bets against subprime mortgages crisis as the debt collapsed in 2007.
"The mortgage space for us is a good opportunity and we’re building up our team," Tananbaum added.
"Non-agency mortgage-backed securities offer "probably the most upside in structured products."
Having joined Goldman Sachs in 2001, Salem was the bank’s lead trader of single name credit-default swaps referencing residential mortgage backed securities during the mortgage crisis in 2007.
