Scott T. Brayman and Judith W. O'Connell left NL Capital Management to launch Champlain Investment Partners. Champlain was registered with the SEC in August as a registered investment adviser by investment bank Rosemont Partners, said David D. Silvera, a Rosemont managing director. Mr. Brayman, senior vice president and portfolio manager, oversaw NL's Sentinel Small Company and Sentinel Core Mid Cap funds; while Ms. O'Connell was senior vice president in charge of client service, marketing and operations. Also joining Champlain were Van Harissis, who led NL's large-cap equity team; David M. O'Neal, senior analyst specializing in health care, and Deborah R. Healey, an equities trader. All five will hold a majority stake in Champlain, with Rosemont holding the remainder. Rosemont will make more equity available to Champlain employees until the company is 100% employee owned, Mr. Silvera said. They come to Champlain with no non-compete restrictions, and will be able to market its previous performance record, Mr. Silvera said. Champlain will launch a small-cap equity product by December, followed by a midcap product. Daniel J. Manion, co-manager of the NL Sentinel Common Stock Fund and the equity portfolio of Sentinel Balanced Fund, will now manage both funds; Charles C. Schwartz, co-manager of the Sentinel Growth Index Fund and a senior member of the small company management team, will lead the team managing the Sentinel Core Mid Cap and Small Company funds, according to NL's website, www.nlcapitalmanagement.com. NL Capital officials weren't available for comment by press time. .
Joel Hinckhouse was named hedge fund researcher at Lotsoff Capital Management, a new position. He will assist in creating new hedge fund strategies. Mr. Hinckhouse was manager of asset allocation at Qwest Asset Management, which oversees the $11 billion defined benefit plan of Qwest Communications. Kim Walker, CIO of Qwest Asset Management, could not be reached by press time for details about Mr. Hinckhouse's replacement. .
Elliot S. Weissbluth was named the first president of U.S. Fiduciary Advisors, a high-end independent broker dealer platform, said Steven J. Graubart, chairman and CEO of parent U.S. Fiduciary. Mr. Weissbluth was director of marketing at CRA RogersCasey. Timothy R. Barron, CEO and president of CRA RogersCasey, said his firm is in the process of finding a replacement.