Peter Hommeyer was appointed director of investments at hedge fund-of-funds manager Cadogan Management, a new position. He will assist Michael Waldron, Cadogan's director of research, and the research team to evaluate and identify hedge fund managers for the firm's portfolios, said Rachel Minard, director of marketing. Mr. Hoffmeyer was department head, alternative investments group, at BAWAG Bank, Vienna, where he ran the bank's proprietary hedge fund portfolio. BAWAG Bank is a Cadogan client. Thomas Heimhofer, BAWAG press officer, said he did not have information about Mr. Hommeyer's replacement as of press time.