Girard C. Miller, executive vice president and chief operating officer of Janus Capital Group, will leave the firm in January, according to a company filing with the SEC. Mr. Miller's position as COO will be eliminated as part of an initiative to cut the firm's administrative and operations costs, said Shelley Peterson, spokeswoman. Steve Scheid, Janus chairman and chief executive officer, will assume Mr. Miller's human resource-related responsibilities. David Martin, CFO, will take over Mr. Miller's information technology, corporate services and printing business responsibilities.
William Eigen was named a managing director and senior portfolio manager at hedge fund firm Highbridge Capital Management, said Melissa Daly, spokeswoman. The position is new. Mr. Eigen was a portfolio manager with Fidelity Investments, where he managed $10 billion in mutual fund and institutional money, according to a Highbridge press release. Portfolio managers Derek L. Young and Christopher L. Sharpe replaced Mr. Eigen as co-managers of the following Fidelity funds: Strategic Income; Advisor Strategic Income; VIP; Strategic Income Portfolio; Strategic Dividend & Income; Advisor Strategic Dividend & Income; and Four-in-One Index Fund, said John Brockelman, Fidelity spokesman.
Raymond Nolte was named chief executive officer of the hedge funds-of-funds group at Citigroup Alternative Investments, effective Sept. 1, according to Jon Diat, spokesman. Mr. Nolte will also be responsible for overseeing Citigroup Alternative Investments' Hedge Forum product, a single-manager platform. Mr. Nolte replaces Cliff De Souza, senior vice president and senior investment officer in the hedge funds-of-funds group, although Mr. Nolte's role has been expanded, said Mr. Diat. Mr. Nolte was managing director and vice chairman of Deutsche Bank's Absolute Return Strategies fund-of-funds group and single-manager hedge fund group. Rosalia Scampoli, spokeswoman for Deutsche, could not be reached to comment on his replacement.
Kathryn Crecelius was named the first chief investment officer at Johns Hopkins University, Baltimore, responsible for managing investments for the school's $2.2 billion endowment and $300 million pension fund, said Jim McGill, senior vice president for finance and administration. She will join the university by Oct. 1. William E. Snow Jr., treasurer at Johns Hopkins, had managed the investments, but he plans to retire in two years and suggested the university hire a CIO and expand its investment staff. Ms. Crecelius was managing director at the Massachusetts Institute of Technology, Cambridge, which has $7 billion in endowment and pension fund assets; she managed a $1.6 billion portfolio of marketable alternative investments.
Gregory A. Samay was named chief of staff and chief investment officer of the $1.2 billion Arlington (Va.) County Employees' Retirement System, said Steve Ivins, chairman of the board of trustees. Mr. Samay replaces Bruce Kallos, who resigned as executive director of the system last August after an audit uncovered questionable travel and entertainment expenses. Mr. Samay was assistant treasurer and director of capital markets at Yum! Brands Inc., Louisville, Ky., responsible for management of its $550 million pension fund and $350 million 401(k) plan. Mark Hutchens, assistant treasurer for corporate finance and capital strategy has assumed most of Mr. Samay's responsibilities.