Bruce Dunn was named CIO of the $14 billion Ohio Bureau of Workers Compensation, Columbus, said Emily Hicks, spokeswoman. Mr. Dunn replaces James McLean, who was terminated in September after it was discovered that the fund lost about $214 million in a hedge fund investment through MDL Capital and $50 million on an investment in rare coins through coin dealer and political fund-raiser Tom Noe in 2004. Mr. Dunn was an independent investment manager.
Florida State Board of Administration, Tallahassee, plans to fill the position of departing CIO David Villa internally, said Michael P. McCauley, director of investment services and communications for the $153 billion fund. "We're not doing a search," Mr. McCauley said, adding fund officials have just started identifying internal candidates. No interim CIO has been named. Mr. Villa will stay on until at least late May to assist in the transition, Mr. McCauley said. Mr. Villa was named CIO of the $83.1 billion State of Wisconsin Investment Board, Madison, effective June 5.
David C. Beeman joined Citigroup Alternative Investments as COO of portable alpha strategies, said Dean S. Barr, director of liquid investments. It is a new position. Mr. Beeman, who reports to Mr. Barr, will create Citigroup's portable alpha strategies operating platform, Mr. Barr said in an internal memo. Mr. Beeman was chief operating officer at Thunder Bay Capital, a multistrategy hedge fund manager founded by Mr. Barr in 2003. Mr. Barr left to join CAI in November; he said Thunder Bay Capital is exiting the hedge fund business.
Marian Collins, London-based head of corporate governance at Barclays Global Investors, will leave the company at the end of May to pursue a lifestyle change, according to spokeswoman Esther Nass-Fetzmann. "She's not going to a new corporate job or anything like that," Ms. Nass-Fetzmann said. "She's going to do some traveling; she's taking a break." Ms. Collins, who joined BGI 14 years ago as an equity fund manager, has been working closely with Lindsay Tomlinson, BGI vice chairman in Europe; Mr. Tomlinson will take over her responsibilities until BGI appoints a replacement.
John Casano joined hedge fund of funds firm Torrey Associates as its first head of risk management, said James Torrey, chairman. Mr. Casano will enhance the firm's risk management process and also work on portfolio construction, Mr. Torrey said. Mr. Casano was an analyst in the hedge fund of funds division of Credit Suisse Asset Management. CSAM spokeswoman Victoria Harmon said she did not have information on Mr. Casano's replacement.