Morgan Stanley Investment Management added a team to run a quantitative hedge fund strategy. It hired Michael Feldschuh, formerly a managing director and portfolio manager at $5 billion hedge fund manager Millennium Partners, and a team of three former Millennium statisticians and computer scientists to run a "process-driven strategy," confirmed MSIM spokesman Chad Peterson. Mr. Feldschuh, who MSIM named portfolio manager and managing director last week, and his team will be with Morgan Stanley Alternative Investments, an investment unit created at the end of last year by Owen Thomas, new MSIM president and COO. The team will report to Yie-Hsin Hung, managing director and head of the absolute return strategies group within Morgan Stanley Alternative Investments. Information about the three former Millennium statisticians joining Mr. Feldschuh could not be learned as of press time. Before Millennium, where Mr. Feldschuh has spent the last eight years, he was a proprietary trader in Morgan Stanley's equity division. Mr. Thomas, who was officially named to the top post of MSIM last month, has said that the firm will focus on building its alternative investment business. As of Sept. 30, MSIM had roughly $9.5 billion in alternative assets under management, or roughly 2% of its $431 billion in total assets under management.
Amy Lesch joined Citigroup Alternative Investments as managing director and head of investment consultant relations. It is a new position, said Jon Diat, a CAI spokesman. She reports to Michael Bolner, managing director and head of marketing and client service. Ms. Lesch will develop and strengthen a consultant relations strategy for the firm and manage existing relationships. She was managing director of consultant relations at Deutsche Asset Management in the Americas. Rohini Pragasam, a DeAM spokeswoman, said Ms. Lesch left Dec. 31 and her duties were assumed by Roelfien Kuijpers, DeAM's New York-based global head of consultant relationships, who for the last year had managed the teams based in the U.S., Europe and Asia-Pacific. Separately, Steven T. Ciampi moved to Citigroup Alternative Investments, where he will be managing director and head of product development and strategic initiatives. It is a new position, said Mr. Diat. Mr. Ciampi is based in London and will develop hedge fund due diligence and evaluate seed investments or equity stake opportunities in emerging hedge funds in Europe and the Middle East. Mr. Ciampi was a managing director who oversaw Citigroup's equity finance and prime brokerage unit in London.
Christopher Kunkle was named vice president of JPMorgan Worldwide Securities Services, a new position, confirmed Pam Snook, spokeswoman. Mr. Kunkle will join the firm's securities lending management team for the Western hemisphere region and be responsible for client management and sales to the global mutual fund industry. Mr. Kunkle was a first vice president in Mellon Financial's global securities lending division; a Mellon spokesman said he had left the firm three years ago. Mr. Kunkle had been an independent consultant since leaving Mellon, Ms. Snook said.
James G. Reilly joined TIAA-CREF as senior vice president and chief compliance officer, according to Stephanie Cohen Glass, director of corporate media relations. He will report to George W. Madison, TIAA-CREF executive vice president and general counsel. Mr. Reilly replaces Carol Baldwin Moody, who resigned for family reasons in October. Mr. Reilly was managing director, head of global equities compliance of Goldman Sachs; he was replaced by Robert Mass, who was head of compliance at Goldman Sachs, said Ed Canaday, Goldman Sachs spokesman.