Searches and Hires

Baltimore hires Lombard Odier for relative value hedge fund

Baltimore City Employees' Retirement System hired Lombard Odier Asset Management for its $40 million hedge fund mandate.

Roselyn H. Spencer, executive director of the $1.8 billion retirement system, said in an interview that Lombard Odier was hired to replace Corbin Capital Partners due to a change in investment strategy to relative value from multistrategy.