Sean Reynolds was named director and senior portfolio manager at Lazard Asset Management, confirmed Judi Mackey, Lazard spokeswoman. It is a new position. Mr. Reynolds will manage special situations, events and convertible arbitrage strategies for the firm, which has $110 billion in total assets under management. He was a portfolio manager at Sailfish Capital Partners, a multistrategy hedge fund manager. Calls to Sailfish seeking information on Mr. Reynolds replacement were not returned by press time.