Alexander Ng joined Cutwater Asset Management as director and head of risk and quantitative strategies, said Cliff Corso, CEO and chief investment officer of the fixed-income manager.
The position is new.
In an interview, Mr. Corso said Mr. Ng will lead the firm’s quantitative and risk operations, including Cutwater’s portfolio-wide risk analytical models and the tools it employs to evaluate the firm’s broader risk profile.
Mr. Ng was partner and head of risk management at Tenor Capital Management. A spokesman for Tenor, who declined to be named, said a search is under way to replace Mr. Ng.