Marx L. Cazenave II has formed Cazenave Partners LLC, San Francisco. The firm will use the same approach - hiring minority and emerging money managers for manager-of-managers assignments - as Progress Investment Management, San Francisco. Mr. Cazenave was president and CEO of Progress until his resignation in October. Victor L. Hymes was named CIO at the new firm. He was a managing director and headed the institutional business of Zurich Scudder Investment Management until his resignation in March.