The Optima Group is searching for one or two people to fill the position of director of research, replacing Andrew Cheng, who left the firm. Mr. Cheng's plans could not be determined by press time. Spokesman Neil Bennett said the firm is interviewing candidates now and hopes to fill the position within the next few weeks. He didn't provide any details.
Separately, Hal McMath was made a managing director. He was a senior vice president and will continue to focus on hedge fund manager research, selection and asset allocation.