Stephen C. Cordy, Alexander Mucelli, S. Dov Lando and Sara Hedberg were hired by hedge fund of funds Arden Asset Management Inc., New York.
Mr. Cordy joined as managing director of client management and development, a new position. He will become the fourth member of Arden's investment committee. Mr. Cordy previously was a managing director and head of corporate coverage for the United States and Canada at Morgan Stanley Asset Management, New York. Mr. Mucelli will be chief operating officer, a new position. He previously worked as chief of staff and chief accounting officer in the equities division of Goldman, Sachs & Co., New York.
Arden hired Mr. Lando as general counsel, a new position. Previously he was assistant general counsel at American International Group Inc., New York. Ms. Hedberg will work in Arden's London office as part of the research and client service department. She had worked at Lehman Brothers Inc., London, covering hedge fund managers.
Arden manages $2.5 billion in fund of hedge funds asset.