Sid Browne resigned as chief investment officer of the $1.2 billion consolidated investment pool of Yeshiva University, New York, according to a source with knowledge of the situation who asked not to be identified.
The university will launch a search for a new CIO, the source said.
J. Michael Gower, Yeshiva's CFO and vice president for business affairs, declined to comment on the Dec. 24 resignation. Mayer Fertig, a university spokesman, wrote in an e-mailed response to questions: “This falls under the category of a personnel matter and as matter of policy, we really cannot comment on those at all.”
Mr. Browne left the university to take a job in the investment management industry, the source said. Mr. Browne did not return phone calls seeking information about his plans.
Mr. Browne was Yeshiva's first CIO, joining the university in August 2009. Mr. Browne was appointed after Yeshiva University lost about $110 million tied to the Bernard Madoff scandal, mostly through hedge funds controlled by money manager J. Ezra Merkin, a former Yeshiva trustee and former chairman of the university's investment committee. Mr. Browne had been CIO at hedge fund manager Brevan Howard U.S. Asset Management.
Greg Geiling joined Blackstone Alternative Asset Management on Jan. 3 as a managing director, J. Tomilson Hill, president and CEO, confirmed in an interview.
The position is new at the $33.1 billion hedge fund-of-funds manager.
Mr. Geiling will focus on research into opportunistic investments and will coordinate the flow of investment ideas from other Blackstone Group alternative investment units, subject to stringent internal controls, Mr. Hill said.
“We're very excited to have a hedge fund portfolio manager of Greg's caliber joining the BAAM research effort,” Mr. Hill said.
Mr. Geiling was a portfolio manager at multistrategy hedge fund manager Duquesne Capital Management. Stanley Druckenmiller, Duquesne's president, chairman and CEO, announced in August that he is closing the firm.
Curtis Mewbourne, a managing director and veteran portfolio manager with PIMCO, will move to the firm's New York office this month to oversee the money manager's expanding portfolio manager operations there, confirmed a PIMCO spokesman. Reached by telephone at PIMCO's Newport Beach, Calif., headquarters, Mr. Mewbourne called his move part of a broader effort to build up PIMCO's presence and infrastructure in global financial centers as the firm adds new teams and capabilities.
Those new teams will be based “wherever it makes the most sense,” Mr. Mewbourne said. For example, should PIMCO add U.S. equity-focused capabilities, New York could be the best home, while other teams could end up in London or Singapore, he noted.
Mr. Mewbourne will continue to manage the PIMCO Dividend Income fund, a $3.5 billion multisector bond mutual fund, and co-manage the PIMCO Global Multi-Asset fund, a $2.9 billion world allocation mutual fund.
Ramin Toloui, an executive vice president and co-head of PIMCO's emerging markets bond team, will assume oversight of the $3.6 billion PIMCO Emerging Markets Bond mutual fund from Mr. Mewbourne, effective Jan. 1.
Mr. Toloui will continue to co-manage the $2.3 billion PIMCO Global Advantage Strategy Bond mutual fund with Mohamed El-Erian, PIMCO's CEO and co-chief investment officer.
Roger Crandall on Dec. 28 became chairman of Massachusetts Mutual Life Insurance Co., confirmed spokes-man Jim Lacey.
Mr. Crandall succeeds Stuart H. Reese, who retired.
Mr. Crandall is president and CEO of the company. His appointment as chairman was announced in June.
Paul DeRosa was named chairman of global macro hedge fund manager Mount Lucas Management.
The position has been vacant since the death in March 2008 of Frank Vannerson, according to a news release from the firm.
Mr. DeRosa is a principal. With the change, Mr. DeRosa will hand over portfolio management of Mount Lucas' flagship global macro investment approach, the MLM MacroPeak strategy, to Robert J. Barbera. Mr. Barbera will retain his position as chief economist, confirmed Raymond Ix Jr., senior vice president and the company's spokes-man.
Mount Lucas manages $1.8 billion in three strategies.
Bradley D. Belt, former executive director of the PBGC, was named senior managing director of the Milken Institute, said Jennifer Manfre, associate director of communications.
Mr. Belt will lead a staff and help establish a Washington presence for the Santa Monica, Calif.-based economic think tank.
He will remain chairman of Palisades Capital Management, an alternative investment firm, she said.
Mr. Belt led the Pension Benefit Guaranty Corp. from 2004 through 2006.
Steve Figliozzi was named director of marketing and distribution at Affinity Investment Advisors, said spokeswoman Jessica Spaulding Thompson.
It is a new position. He will focus on institutional and high-net-worth business at the predominantly large-cap equity manager.
Mr. Figliozzi was director of separately managed accounts at Morgan Stanley Investment Management. Morgan Stanley officials were not available for information on Mr. Figliozzi's replacement.
Affinity had about $700 million in assets under management as of Dec. 6, mostly for institutional investors.
William R. Fowler was named senior vice president of Mesirow Financial Institutional Real Estate Multi-Manager Strategies.
Mr. Fowler will be investor relations manager, according to a news release from Mesirow.
Mr. Fowler was vice president of acquisitions and dispositions for Verde Realty, a $1.2 billion private REIT.
Foster & Foster
Daniel W. Hynes, Illinois state comptroller, will become a principal at Foster & Foster Consulting Actuaries on Jan. 11, the day after his term expires.
Mr. Hynes, who was comptroller for 12 years and ran unsuccessfully for governor in 2010, also is chairman of the $9.6 billion Illinois State Employees' Retirement System, Springfield, and a member of the $10.2 billion Illinois State Board of Investment, Chicago. He also will leave those posts on Jan. 10.
His hiring is part of the public pension plan consulting firm's expansion into Illinois, according to a statement from the firm announcing his hiring.
Judy Baar Topinka was elected state comptroller in November and will also assume the positions Mr. Hynes is vacating at SERS and ISBI.