Residential Capital Management LLC, Bellevue, Wash., is searching for two portfolio managers.
Candidates should have intermediate-level experience and experience managing a bond or mortgage-securities portfolio or other traditional asset-backed portfolio, said Larry H. Mylnechuk, principal, who oversees marketing. Portfolio managers report to Frederick S. Barkman Jr., president and chief investment officer.
The firm recently won its first mandate, $60 million, from an institutional client that was not identified.
Residential Capital is majority owned by State Street Global Alliance LLC, a joint venture of State Street Global Advisors, Boston, and Stichting Pensioenfonds ABP, Heerlen, The Netherlands.