Steven Algert was named absolute return investment officer, a new...

Steven Algert was named absolute return investment officer, a new position, in the University of California's office of the treasurer, Oakland. Last May, the university's board of regents adopted a new 5% allocation to absolute return investments for the system's $4 billion general endowment pool. Previously, Mr. Algert had been a manager analyst in Citigroup Alternative Investments' fund of hedge funds group in San Francisco. His duties have been assumed by other analysts.