Bernie Pallicer joined hedge fund manager Advent Capital Management as managing director and associate portfolio manager. He will join the companys convertible hedge fund and global convertible strategies investment teams, said Paige Reeve, an Advent spokeswoman. Ms. Reeve said the position is new, part of an expansion of Advent's convertible investment team. Advent manages about $4.4 billion in convertible, high yield, equity and event-driven strategies. Mr. Pallicer was a convertible trading specialist at Merrill Lynch and directed the firms convertible trading desk.