Suresh Sundaresan was named head of research at Capula Investment Management, confirmed Jonathan Gasthalter, a spokesman.
The position is new. Mr. Sundaresan, based in London, will be responsible for developing risk management processes and investment research.
He was the Chase Manhattan Bank Professor of Economics and Finance at Columbia University and chairman of the universitys finance department.
Capula manages about $3.5 billion in hedge funds, long-only and portable alpha fixed-income strategies.