Richard Helm and Anatoliy Cherevach were hired by Cohen & Steers to launch a new large-cap value equity strategy, said co-CEO Robert Steers. Mr. Helm will be a senior vice president and portfolio manager for the strategy and lead the team, which will remain in Seattle. Mr. Cherevach will be the team's equity research analyst. Mr. Steers said two additional research analysts will be hired for the team. Mr. Helm is vice president and portfolio manager for Washington Mutual Advisors' WM Equity Income Fund, which has $2.2 billion in retail assets. Mr. Cherevach was analyst for the fund, said WM Advisors spokeswoman Lotus Lou. Although the strategy Mr. Helm managed at WM Advisors was "entirely retail," the new Cohen & Steers strategy will be open to institutional investors as part of the firm's recent strategy to expand its institutional platform, Mr. Steers said. Morningstar gave the WM Equity Income Fund a five-star rating for the three-year and five-year periods ended June 30. Randy Yokum, WM Advisors chief investment strategist, will replace Mr. Helm temporarily as manager of the Equity Income firm, said Ms. Lou. WM Advisors will conduct a national search for a permanent replacement, she added.
Robert Feinstein was named deputy CIO at the $32 billion Maryland Retirement and Pension System, Baltimore, effective Sept. 1, said Steve Huber, CIO. It is a new position created as part of a reorganization by Mr. Huber. Mr. Feinstein will oversee the external managers group, as well as corporate governance. Margo Wheet, who was named head of external manager compliance on July 6 - also a new position - will report to him. Mr. Feinstein was deputy counsel in the state attorney general's office. Ms. Wheet was the system's CFO; she was replaced by Vincent Marsiglia, previously executive finance director of the Maryland judiciary.
Bruce D. George will join MD Sass as a senior vice president, marketing and client services, effective Aug. 4, said Martin D. Sass, chairman and CEO. It is a new position. Mr. George, who will be based in Boston, will target major corporations, endowments and foundations and public pension plans, and will look after consultant relationships. He was a senior vice president, institutional sales, with Fortis Investments. Executives at Fortis weren't immediately available to discuss whether Mr. George would be replaced.
Erin Davis left the Philadelphia Board of Pensions and Retirement for a position with the School District of Philadelphia. Ms. Davis, an investment officer in charge of fixed income with the $4.2 billion fund, joined the school district as senior vice president of financial services; her new responsibilities are largely related to budget and finance operations, she said. Tony Johnson, CIO for the retirement system, said a replacement for Ms. Davis has not been named.