Robert Ollwerther was named COO at hedge fund manager Avenue Capital Group, effective April 7, according to a source familiar with the company. Mr. Ollwerther was COO of Merrill Lynchs hedge fund development and management group. Lizzie Anderson, a Merril Lynch spokeswoman, did not return a call regarding Mr. Ollwerthers replacement. Roxanne Donovan, an Avenue Capital spokeswoman, declined to comment or provide details.
Avenue selects Ollwerther as COO
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