Former Morgan Stanley Banker Barrett Joins Greenblatt’s Gotham

Former Morgan Stanley (MS) investment banker David Barrett is joining hedge fund Gotham Asset Management LLC as head of investor relations.

Barrett, 53, will start next week and oversee sales, investor relations, marketing and business development, Co-Chief Investment Officer Robert Goldstein said in an interview. New York-based Gotham, headed by Gotham Capital Founder Joel Greenblatt and Goldstein, had $1.45 billion of regulatory assets under management as of Feb. 29, according to a brochure on the firm’s website.

The firm uses a “proprietary analytical framework” to identify company securities that are undervalued or overvalued, according to the brochure. Greenblatt, 54, is the author of “The Little Book That Beats the Market,” which was published in 2005 and lays out a strategy that claims to “beat the market and professional managers by a wide margin,” according to Amazon.com.

Barrett was a 22-year veteran of Morgan Stanley before leaving to seek a job outside banking, people with knowledge of the matter said in August. He oversaw the firm’s private capital markets unit, which raises money for hedge funds and private companies.

To contact the reporter on this story: Saijel Kishan in New York at skishan@bloomberg.net

To contact the editors responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net; David Scheer at dscheer@bloomberg.net

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