Robert Bloom joined Trainer Wortham as CIO and managing director. He replaces Laurence E. Ach, a managing director, who will focus on other duties as a portfolio manager, said an official who declined to be identified. Mr. Bloom had worked at Bloom Capital, an investment boutique he founded in 2004 to serve high-net-worth individuals, said spokesman Greg Berardi.
Carrie McCabe will join Financial Risk Management's U.S. subsidiary, FRM Research, as CEO on March 30. She will direct U.S. activities, including supervision of more than 50 New York-based staff and a new marketing push to U.S. clients, said Blaine Tomlinson, president and CEO of London-based FRM. It is a new position. FRM, an institutional hedge fund-of-funds manager, manages $13 billion in assets, about 10% of which is for U.S. clients. Mr. Tomlinson said the goal is to eventually have about one-third of its client base each coming from the United States, Europe and Asia. Ms. McCabe will close McCabe Advisors, the hedge fund advisory company she started in 2000. The $186.9 billion California Public Employees' Retirement System, Sacramento, is among the firm's institutional clients. Before 2000, Ms. McCabe was president and CEO of hedge fund-of-funds manager Blackstone Alternative Asset Management.
Thomas Idzorek joined Ibbotson Associates as director of research. He will manage the firm's research department and oversee projects aimed at developing risk management and optimization models. Mr. Idzorek was director of research at Zephyr Associates. Kelly Higgins, vice president of sales and marketing at Zephyr, said Mr. Idzorek's responsibilities were given to other staff members and he will not be replaced.
Steve Gottschalk was hired as chief compliance officer at Starwood Real Estate Securities, which was started by Starwood Hotels & Resorts Worldwide in October, said Matthew Gilman, CEO and portfolio manager of Starwood Real Estate Securities. It is a new position. Mr. Gottschalk worked as a CFO on a consulting basis from May to October 2004 at hedge fund Litespeed Management, said Samer Abuaker, Litespeed CFO who joined the firm in October.