Craig Moyer and Terry Soffera, fixed-income portfolio managers at RRZ Investment Management, left to start Providence Investment Advisors. Joining them as partners at Providence, a fixed-income shop, are former RRZ employees Mike Milligan, who will lead the marketing effort, and Jim Dotzman, compliance officer.
RRZ hired Nathan Sax as director of fixed-income investments, said Chuck Gomulka, chairman. Mr. Sax most recently was senior manager-public markets, for the $52 billion pension fund of Lucent Technologies Inc., Murray Hill, N.J. Mr. Gomulka said company executives plan to hire additional staff under Mr. Sax in the next few months.
