Dennis Lynch has been appointed managing director, head of the U.S. growth portfolio management team at Morgan Stanley Investment Management, New York. It is a new position that was created as part of the firm's reconfiguration of the growth portfolios. Mr. Lynch, who was managing director of U.S. growth small-cap, midcap and multicap equities, will lead the team, which manages about $19 billion in domestic small/midcap growth, large-cap growth and sector rotation assets. David Cohen, who was on Mr. Lynch's team, will now be responsible for those strategies. Bill Auslander and Jeff Alvino, who were co-managers of the U.S. large-cap growth portfolios, are leaving to pursue other opportunities. They could not be reached for comment.
Also, Michelle Kaufman, Jason Yeung and Armistead Nash have been named to the U.S. growth team. Ms. Kaufman, who was a managing director on the sector rotation team, will be co-manager of Morgan Stanley American Opportunities Fund and Morgan Stanley Select Dimensions American Opportunities portfolio. Messrs. Yeung and Nash will be strategy specialists. Previously Mr. Yeung was on the research team and Mr. Nash was on the large cap growth team.