About Us
RSW Investments focuses exclusively on actively managed separate accounts. With more than $2 billion* in assets, our investment team brings an average of 30 years’ specialized experience to individuals and institutions across the country.
* AUM as of 12/31/2025
Our Team
Robert S. Waas
Chief Executive Officer /
Chief Investment Officer
Robert Waas is the Founder, CEO, and CIO of RSW Investments, where he leads the firm’s investment strategy and portfolio management. With over four decades of experience in the municipal bond market, he has managed mutual funds, separately managed accounts, and municipal bond arbitrage strategies at major financial institutions, developing the active management philosophy that defines RSW today.
Mark Tenenhaus oversees the firm's municipal credit research department. With decades of experience in credit analysis, he leads the team in evaluating the fundamental strength of municipal issuers. His rigorous research process is a cornerstone of RSW's preservation-first philosophy, ensuring that only high-quality credits are selected for client portfolios.
Mark J. Tenenhaus
Director of Municipal Research
Randy Fox serves as a Portfolio Manager at RSW Investments. He works closely with the investment team to manage client portfolios, focusing on income generation and duration positioning. With a background in fixed-income analysis, he contributes to the firm's ongoing market assessments and strategic security selection process.
Randy J. Fox
Senior Portfolio Manager
Marites V. Pasturan
Director of Software and Technology
Marites Pasturan is the Director of Software and Technology at RSW Investments. She leads the development and maintenance of the firm's proprietary investment systems and portfolio management tools. Her work ensures that the investment team has access to real-time data and advanced analytics to execute strategies with precision.
Antonio Bacchetta is a Client Service Associate at RSW Investments. He supports the firm's client relationship management efforts, ensuring seamless communication and high-quality service for individual and institutional investors. He assists with account onboarding, inquiries, and general administrative coordination.
Client Service Associate
Antonio I. Bacchetta
Hernando Montero
Senior Municipal Credit Analyst
Hernando Montero is a Senior Municipal Credit Analyst at RSW Investments. He provides in-depth credit evaluation of municipal bond issuers, focusing on fiscal health, governance, and economic trends. His detailed assessments are critical to identifying under-appreciated value and avoiding potential credit pitfalls within the municipal universe.
Meet the professionals behind our success. Our team brings together expertise, dedication, and a shared passion for delivering exceptional results.
Matthew Werner serves as Senior Portfolio Manager at RSW Investments. He is responsible for portfolio construction, trade execution, and macroeconomic analysis. A Chartered Financial Analyst (CFA) charterholder, Mr. Werner brings extensive analytical depth to the investment committee, focusing on optimizing risk-adjusted returns for separate account clients.
Matthew T. Werner, CFA
Senior Portfolio Manager
Mark Scott is the Senior Trader at RSW Investments. He manages the firm's daily trading activities, leveraging deep relationships in the municipal marketplace to ensure optimal execution for client accounts. His expertise in market liquidity and price discovery is vital to implementing the firm's active management strategies efficiently.
Mark A. Scott
Senior Trader
Jeffrey S. Thompson
Investment Reporting Analyst
Jeffrey Thompson serves as an Investment Reporting Analyst at RSW Investments. He is responsible for the accuracy and delivery of client performance reports and portfolio analytics. His attention to detail ensures that clients receive transparent and timely information regarding their investments and firm performance.
Antonio I. Bacchetta
Client Service Associate
Andrew DeCeglie is a Trade Operations Associate at RSW Investments. His role at RSW includes assisting in verifying the in-house trade log against broker/dealer records, resolving trade issues, reviewing and reconciling cash positions and transactions with the custodial banks, and interfacing daily with the broker/dealer community.Â
Andrew P. DeCeglie
TRADE OPERATIONS ASSOCIATE
A dedicated municipal partner entrusted with the judicious stewardship of private wealth.