Charles R. Provini was named president of hedge fund-of-funds manager PARADIGM Global Advisors. He assumed the duties of Hunter R. Biden, who has been interim CEO and chairman of the board. Mr. Biden will remain chairman, and the CEO position was eliminated, said Monica Everett, a spokeswoman. Mr. Provini was chairman and president of C.R. Provini, a financial services company. "C.R. Provini is in the process of completing an orderly distribution of its businesses and activities to other entities so that Chuck's total time and attention can be focused on PARADIGM," Ms. Everett said. Separately, Markus Karr was promoted to CIO; he was a managing director on the investment team and oversaw asset allocation as well as the general business activities of the firm. Mr. Karr replaced James Park, the founder of PARADIGM, who will now focus on hedge fund manager selection and research. Ron Wilhelm, the firm's chief compliance officer, also was named COO, a new position. Mr. Wilhelm has been assuming responsibility for operations from Mr. Karr over the last year. As of press time, Ms. Everett did not have information about a possible replacement for Mr. Karr on the investment side.
James A. Ramsay was named senior managing director and co-head of U.S. fixed income at Robeco Investment Management, said spokesman Scott Sunshine. Mr. Ramsay will work with fixed-income co-head Daniel Vandivort, who also is CIO of fixed income at Robeco's Weiss Peck & Greer division. Mr. Ramsay replaces Tom Girard, who left at the end of 2006 to spend more time with his family, said Mr. Sunshine. Mr. Ramsay will help oversee more than $10 billion in fixed-income assets. Mr. Ramsay was a senior vice president and account manager in the marketing department at PIMCO; his duties have been assumed by other team members, said Mark Porterfield, PIMCO spokesman.
Malcolm Baker and Jeffrey Wurgler were named consultants at Acadian Asset Management, confirmed spokesman Nigel Adam. The positions are new. The two will work closely Terry Burnham, senior vice president and director of economics at Acadian. The pair also will retain their academic roles; Mr. Baker is a professor in finance at Harvard Business School, and Mr. Wurgler is a professor in finance at the Stern School of Management at New York University.