Peter Hommeyer was appointed director of investments, a new position, by hedge fund-of-funds manager Cadogan Management LLC, New York. Mr. Hommeyer 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. Hommeyer 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, press officer for the bank, said Ursula Federsel, of the bank's treasury team, assumed Mr. Hommeyer's position.