MONEY MANAGEMENT

Greylock Capital Management hires managing director

Michael Reeves joined event-driven credit hedge fund manager Greylock Capital Management as managing director - head of marketing, investor relations and business development.

Mr. Reeves replaced Gina Strum, who left the firm last year, said Ajata Mediratta, Greylock's president, in an email.

Mr. Reeves was managing director of marketing, sales and business development at startup structured credit manager Shelter Growth Capital Partners. Scott Barringer, head of marketing and investor relations, assumed Mr. Reeves' duties, while the firm evaluates potential replacements, said Russell Sherman, a spokesman for Shelter Growth Capital.

Greylock Capital and Shelter Growth Capital each manage about $1 billion.