Aaron Kilberg was hired as managing director/principal of marketing and client services at Kern Capital Management, according to a news release. It is a new position. Mr. Kilberg will be primarily responsible for marketing Kern's long-short hedge fund, which focuses on small-cap and micro-cap strategies, as well as the firm's concentrated long-only equity strategy, said David Kern, principal and co-founder. Mr. Kilberg was managing director and partner of marketing and client services at William D. Witter. Calls to Victor Ugolyn, president and CEO at Witter, were not returned by press time. Kern Capital has $1.6 billion in assets under management.
Marcia Sorvillo, director of domestic equity research at Evaluation Associates, left the consulting firm, according to managing director Jeff Van Orden. Ms. Sorvillo, who had been with Evaluation Associates for 12 years, accepted a position at Lazard Asset Management, said Mr. Van Orden. Richard Silverman, spokesman for Lazard Asset Management, declined to comment. Evaluation Associates is interviewing external candidates for Ms. Sorvillo's replacement, Mr. Van Orden said; he expects to have someone in place by July 1.
Mitchell Vogel was elected president of the $13 billion Illinois State Universities Retirement System, Champaign, effective July 1. He will replace Stanley Rives, whose term as a trustee expires June 30; he did not seek reappointment, said James Hacking, executive director. Mr. Vogel was appointed to the SURS board by Gov. Rod R. Blagojevich in July 2004.