John C. Clavin joined Merganser Capital Management as senior vice president, director of marketing, according to a news release from the fixed-income boutique. He replaces Brian R. Lauzon, who said he is leaving in June to attend the Wharton School of the University of Pennsylvania. Mr. Clavin left Standish Mellon Asset Management in mid-2005, where he was an executive vice president in charge of that firm's new business, client service and marketing teams. Erik Knutzen assumed Mr. Clavin's position in December, said Standish Mellon spokesman Joseph Ailinger.
Charles Wyman joined hedge fund manager ARX Investment Management as chief risk officer and portfolio manager. The position is new, said Craig Kaplan, director of investor relations. Mr. Wyman was executive vice president, head of global credit research and chairman of the counterparty risk committee of PIMCO. He also was co-manager of the $2.6 billion PIMCO High Income Fund until April 30, according to a May 1 statement from PIMCO. Ivor Schucking, executive vice president, will be the head of global credit research and chairman of the counterparty risk committee, said Mark Porterfield, a PIMCO spokesman. Mr. Wyman's duties with the High Income Fund are being handled by other members of the fund's management team. Mr. Wyman worked with Dwight Sipprelle, ARX co-founder, CEO and global portfolio manager, in the global high-yield department of Morgan Stanley ending in 2000, Mr. Kaplan said.
Jennifer Goldsmith, a director in the client relationship unit of Arden Asset Management, left the hedge fund-of-funds manager to become a stay-at-home mother, said spokesman Jonathan Gasthalter. Her duties were assumed by others in the department and she will not be replaced, he said.