Matthew R. Smith will join Grosvenor Capital Management as a senior...

Matthew R. Smith will join Grosvenor Capital Management as a senior analyst for the manager of hedge fund managers. Mr. Smith, who was managing director, principal, and portfolio manager for hedge funds at Lotsoff Capital Management, will evaluate hedge fund strategies for their attractiveness, search for managers that can implement the strategies, and build portfolios of hedge funds with optimal risk and return characteristics. He will start this month.