Lorelei V. Chao was named consultant at investment consultant Wurts & Associates and Bee G. Lim was named associate director of research.
Both positions are new, Wurts CEO Jeffrey MacLean confirmed in an interview.
Ms. Chao will be responsible for consulting relationships with institutional investors, including both public and corporate defined benefit and defined contribution plans, foundations and Taft-Hartley funds.
She was investment officer at the $7.3 billion Orange County Employees Retirement System, Santa Ana, Calif.; she resigned in mid-June. Shanta Chary, OCERS chief investment officer, did not return a call seeking information about Ms. Chao’s replacement.
Ms. Lim will work with Eric Petroff, Wurts’ director of research. She will oversee the consultant’s manager research group and will look for new strategic investment opportunities, Mr. MacLean said.
Ms. Lim was executive director of hedge funds-of-funds manager SAIL Advisors. Information about Ms. Lim’s replacement at SAIL was not available.