Hart Woodson was named managing director and portfolio manager at Advent Capital Management. He and Tracy Maitland, president and CIO of Advent, will co-manage a new global convertible strategy that the firm will start in the next three months, said spokeswoman Paige Reeve. Mr. Woodson will also assist Advent in growing its global long-only hedge fund and mutual fund strategies. Mr. Woodson was a senior vice president at Gabelli Asset Management, where he ran the firm's Global Convertible Securities Fund. The fund's other portfolio managers - Nancy E. Stuebe, Joshua Fenton and Mario Gabelli - will assume Mr. Woodson's duties, said Douglas Jamieson, Gabelli Asset president and COO.
Vlad Portnoy was named senior vice president of quantitative strategies at Jefferies & Co. Inc., a new position, confirmed spokesman Tom Tarrant. In addition, the firm hired financial engineers Valeri Smelyansky, Branko Stojkovic and Victor Miller. All four, who will develop Jefferies' electronic trading services, came from Banc of America Securities. Mr. Portnoy was replaced as head of quantitative strategies by Robert Almgren, who joined Banc of America Securities last year from the University of Toronto, according to bank spokeswoman Melissa Fox. She added that the firm has "hired many new associates in equities over the past year and will continue that trend in 2006."