David T. Ellis was hired as senior portfolio manager and Hamburg Tang...

David T. Ellis was hired as senior portfolio manager and Hamburg Tang Jr. as portfolio manager at Reich & Tang Capital Management, in an expansion of its Global Investment Advisors unit, which manages global high-yield bonds for institutional clients. Mr. Ellis was a high-yield bond manager at J.P. Morgan, responsible for overall portfolio strategy and security selection. Mr. Tang was senior emerging markets credit analyst, also at J.P. Morgan, where he worked on credit strategy for Asia and other emerging markets.