Gustaf Hagerud was named executive vice president of the 208.6 billion Swedish kronor ($30.6 billion) AP3, Stockholm, according to Christina Kusoffsky Hillesoy, spokeswoman.
He will replace Chief Investment Officer Erik Valtonen, who was to leave at the end of September, Ms. Hillesoy wrote in an e-mail response to questions. The CIO title was replaced with executive vice president.
Mr. Hagerud, previously AP3's head of investments, alpha and beta, will report to CEO Kerstin Hessius. Mr. Hagerud will retain his previous duties.
David Dreman, the fund manager best known for against-the-grain bets on stocks he deems cheap, will step down as co-chief investment officer of Dreman Value Management.
E. Clifton Hoover, who joined the firm in 2006 as co-chief investment officer, co-director of research and managing director, will succeed Mr. Dreman on Oct. 31, the company said in a statement.
Mr. Hoover will become sole investment chief, with responsibility for $5 billion in assets. He joined the firm four years ago from NFJ Investment Group, where he oversaw large- and small-company stocks.
Mr. Dreman, who founded the eponymous firm in 1977, will stay on as chairman and as a member of the investment committee.
“This succession plan has been several years in development,” Mr. Dreman said in the statement.
Mr. Dreman will continue to manage the $77.5 million Dreman High Opportunity Fund and the $7.26 million Dreman Market Over-Reaction Fund.
Jacqui Allard, chief administrative officer with MFC Global Investment Management, has been promoted to global chief operating officer.
In the new position, Ms. Allard will oversee all information technology, operations, performance analytics, product and corporate marketing functions worldwide. She will retain her previous duties, said spokesman Brian Carmichael.
Patrick W. Fowler was named COO of Spaulding Group, effective Sept. 15.
It is a new position at the investment-performance measurement consultant, according to spokesman Christopher Spaulding.
Mr. Fowler was senior vice president-operations. He will retain many of his previous duties, while the rest will be assumed by other staff members.
Robert D. Leininger joined GAMCO Investors as a portfolio manager for the $1.7 billion Gabelli Dividend & Income Trust.
The position is new.
He joins Mario J. Gabelli and Barbara G. Marcin, who've served as portfolio managers for the closed-end fund since its 2003 launch, said GAMCO spokesman Douglas Jamieson.
Mr. Leininger was a partner, portfolio manager and chief compliance officer at Copeland Capital Management. Barbara Grosso assumed Mr. Leininger's chief compliance officer role last month, said Edward C. Rorer, chairman of Copeland. She had been COO and chief compliance officer for Gould Investment Partners through March, when Richard H. Gould closed the firm to launch a hedge fund.
Copeland is looking for a replacement to assume Mr. Leininger's portfolio manager and analyst duties, Mr. Rorer said.
Rachael A. Felker will be joining real estate investment manager Clairvue Capital Partners as an asset manager on Nov. 1, said spokeswoman Rosalia Scampoli.
This is a new position.
Ms. Felker is an assistant vice president and investment analyst at real estate investment firm Buchanan Street Partners. Amanda S. Waite, spokeswoman at Buchanan Street Partners, wrote in an e-mail response to inquiries that the firm is searching for a replacement.
Carter Weil, Petter von Heidenstam, Christian McFadden and Kelsey Schreck joined $6 billion hedge fund-of-funds manager Silver Creek Capital Management, all in newly created positions.
Mr. Weil is head of Americas institutional business development, responsible for consultant relations and institutional marketing. He was director of Americas institutional sales at Russell Investments until he left in July, Kate Stouffer, a Russell spokeswoman, wrote in an e-mail response to questions. His responsibilities were assumed by Joseph Gelly, practice leader, investment outsourcing.
Mr. von Heidenstam is director of European sales, overseeing consultant relations and institutional marketing in the region, confirmed Jonathan Gasthalter, a Silver Creek spokesman. Mr. von Heidenstam was Nordic region business development executive for Aviva Investors. Allister Fowler, an Aviva spokesman, said his duties are being handled by other business development staff members.
Mr. McFadden and Ms. Schreck are senior research analysts and work on manager research, portfolio construction and risk analysis. Mr. McFadden was an independent financial adviser; Ms. Schreck was a vice president who focused on hedge fund manager research in BlackRock Alternative Advisors' hedge fund-of-funds unit. Information about Ms. Schreck's replacement was not available.
M. Ethan Berman plans to retire from MSCI, where he became an advisory director after RiskMetrics Group was acquired by MSCI in March, said Kenny Juarez, spokesman.
Mr. Juarez was unable to say when Mr. Berman will retire or if he will be replaced. Mr. Berman couldnot be reached for comment.
Mr. Berman, a founder, chairman and CEO of RiskMetrics, advised on the integration of the two companies and was expected to leave when that work was completed, Henry A. Fernandez, MSCI chairman, CEO and president, said in March.
Mr. Berman had been CEO of RiskMetrics since it was spun off from J.P Morgan in 1998 and its chairman since 2004, according to a 2007 RiskMetrics prospectus.
Keith Danko was named a partner at hedge fund manager Titan Capital Group.
The position is new.
He will focus on marketing and business development, working closely with Titan's founder and president, Russell Abrams, confirmed Carolyn Sargent, a spokeswoman.
Mr. Danko was CEO of the U.S. operations of credit hedge fund manager CQS. He left in May and was replaced in July by Jeffrey Lindenbaum, who had been managing director, product and corporate development at Ivy Asset Management.
Titan manages $350 million in hedge funds using volatility trading strategies. About 60% of assets are managed for institutional investors.
Pawel Kisielewski was named partner at hedge fund of funds Hermes BPK Partners, focusing on business development, confirmed Asmita Kapadia, Hermes spokeswoman.
The position is new, part of a bid to increase Hermes' third-party institutional hedge fund business, Ms. Kapadia said in an e-mailed response to questions.
Mr. Kisielewski previously was a partner at Caliburn Capital Partners, where he oversaw client development. Jeremy Rowlands, Caliburn's CEO and managing partner, did not return a call seeking additional information.
James Barrett joined Baron Capital Group as head of institutional sales, a new position.
Mr. Barrett left Citadel Asset Management, where he had been managing director and head of global distribution, in December.
Patrick Mc Nelis has joined Greenwich Associates as a managing director in the strategic consulting group and investment management practice, a new position.
Mr. Mc Nelis had left Pyramis Global Advisors, where had had been executive vice president and head of global distribution and client service, early this year. He couldn't immediately be reached for further comment.
Frederick Conley was named vice president at Goldman Sachs Asset Management, confirmed spokeswoman Andrea Raphael.
The position is new.
Mr. Conley will oversee the marketing of investment strategies to large-market defined contribution sponsors in the Mid-Atlantic and Southeast states. He reports to Bill McDermott, managing director and head of GSAM's defined contribution business, Ms. Raphael said in an interview.
Mr. Conley was president of the institutional retirement group at Genworth Financial. Calls to Thomas Topinka, vice president for public relations at Genworth Financial, were not returned by press time.
