Ross Smead joined hedge fund manager Halcyon Asset Management as managing principal to head a new unit investing in collateralized loan obligations, said Dorothy Crocker, a spokeswoman. He will develop a platform for CLO portfolio construction and management. Mr. Smead was managing director, portfolio manager and co-head of the U.S. bank loan unit at Prudential Investment Management. His duties were assumed by Timothy Aker, the unit's co-head, and Martha Tuttle, a portfolio manager, said Theresa Miller, a spokeswoman for Prudential. Prudential is searching for a portfolio manager to fill Ms. Tuttle's former position, Ms. Miller said.
Grant Fleming, a managing director at Wilshire Associates, is relocating to Tokyo to open a private markets research office for the firm, confirmed Kim Shepherd, spokeswoman. The office is scheduled to open on July 1. Mr. Fleming was based in Wilshire's Canberra, Australia, office. Bill Humphreys, director of Wilshire Australia, will replace Mr. Fleming.
Bruce Lavine was named president and COO of WisdomTree Investments, confirmed Justin Perras, a company spokesman. It is a new position. Mr. Lavine was head of new markets for BGI's iShares division, said BGI spokesman Lance Berg. Chris Sutton, CEO of iShares Europe, is assuming Mr. Lavine's responsibilities until a replacement is found, Mr. Berg said.
Hugh Sergeant was named head of U.K. equities at River & Mercantile Asset Management, and Richard Staveley was named fund manager, confirmed James Barham, chief executive. Both positions are new. The two men were at Societe Generale Asset Management, where Mr. Sergeant was head of U.K. equities and Mr. Staveley was a fund manager. Mr. Staveley will be the first member of Mr. Sergeant's team, and additional fund managers will likely be recruited over the next nine months. Both Messrs. Sergeant and Staveley will start at River & Mercantile in August, Mr. Barham said. Societe Generale spokeswoman Valerie Siniamin-Finn was not available for comment at press time.