Former Secretary of State Colin Powell joined venture capital firm Kleiner Perkins Caufield & Byers as a strategic limited partner. Mr. Powell will offer strategic advice to the firm and its portfolio companies, according to a news release from Kleiner Perkins. Mr. Powell in May joined the Washington Baseball Club, an investment consortium led by Fred Malek, chairman of Thayer Capital Partners, which is vying to buy the Washington Nationals baseball team.
Alex Ryer was hired as a portfolio manager with the international equity index team at Northern Trust Corp., according to a news release from the firm. Mr. Ryer will be responsible for quantitative portfolio management and trading functions within the group and will report directly to Steve Wetter, vice president and team leader for the international equity index management team. Mr. Wetter could not be reached for comment. Christine Harmon, spokeswoman for Northern Trust, said Mr. Ryer replaces Hank Nguyen, a portfolio manager who recently left the firm. Details of Mr. Nguyen's departure could not be learned by press time. Mr. Ryer was a senior portfolio manager at RhumbLine Advisers, where he oversaw equity index funds with roughly $5 billion in assets. Wayne Owen, RhumbLine managing partner, said the firm has begun the process of finding a replacement for Mr. Ryer.
Jill A. King joined Horizon Cash Management as portfolio manager. It is a new position. She joins a trading team of three and will be responsible for implementing investment management strategies. Ms. King was a fixed-income trader and consultant for Northern Trust Securities. Christine Harmon, a Northern Trust spokeswoman, could not provide information about Ms. King's replacement.
Sanford C. Presant and Leslie H. Loffman left Ernst & Young's real estate practice to join the real estate capital markets practice of law firm DLA Piper Rudnick Gray Cary. Mr. Presant was national director, real estate fund services, and Mr. Loffman was national director, REIT services, at . Gary Koster, national director, who co-headed 's Opportunity Fund services practice with Mr. Presant, will lead the practice alone, said Dale A. Reiss, global director of real estate, hospitality and construction for . Mr. Loffman has not yet been replaced, Ms. Reiss said.