Timothy Galbraith joined Morningstar Associates as head of alternative investment strategies for Morningstar Associates, the investment consulting unit of fund researcher Morningstar Inc.
The position is new, said Alexa Auerbach, a Morningstar spokeswoman.
Mr. Galbraith said in an interview that he works with institutional investors in setting alternative investments asset allocation, portfolio construction, and manager due diligence and selection. He also consults with money managers seeking to set up alternative investment funds of funds.
Mr. Galbraith was a managing director, responsible for building and managing Bear Stearns Asset Management's hedge fund platform business, HedgeSelect. JPMorgan Chase & Co. acquired Bear Stearns Cos. in 2008. Mr. Galbraith said the hedge fund platform was closed earlier this year, leading to his departure Aug. 31. Jacqueline Meere, a JPMorgan spokesman, did not respond with information about Mr. Galbraith's departure by press time.