Frank Fernandez joined Alignment Capital Group LLC , Austin, Texas, as...

Frank Fernandez joined Alignment Capital Group LLC, Austin, Texas, as a partner, a new position, at the private equity consulting firm. He was a senior portfolio manager in alternative investments at the $120 billion Florida State Board of Administration, Tallahassee. William F. James, senior investment officer who oversees alternative investments for the Florida system, said Mr. Fernandez will be replaced. He directed further inquiry to a spokesman, who was unavailable.