Jacob “Jake” Walthour will join alternative investment consultant Cliffwater as managing director, responsible for business development and client service, effective Aug. 1.
Mr. Walthour will be based in the firm’s New York office, confirmed Stephen L. Nesbitt, Cliffwater CEO in an interview. The position is new.
Mr. Walthour was managing director of hedge fund manager Citadel and head of U.S. distribution at its Citadel Asset Management subsidiary from mid-January 2010 until he left at the end of March.
Devon Spurgeon, a Citadel spokeswoman, said Mr. Walthour’s replacement has not been named.