Scott Hamp was named director of hedge funds at Boeing Co., Chicago, effective Aug. 29, said Todd H. Blecher, communications director.
In the new position he will oversee the 6% target allocation to hedge funds in Boeings $50.4 billion defined benefit fund. Officials expect to reach the target in a couple of years. It was at 3% as of Sept. 30, the latest figure available, Mr. Blecher said.
Mr. Hamp will report to Elizabeth Tulach, managing director of alternative investments.
Mr. Hamp is senior director-international equity at the $29.7 billion National Railroad Retirement Investment Trust, Washington. Catherine A. Lynch, CEO/CIO of the railroad fund, couldnt be reached for comment on how Mr. Hamp will be replaced.