Stephen Masarik was named director at Cliffwater, confirmed Barbara Smith, chief operating officer, in an e-mail.
Mr. Masarik replaces Ben Rotenberg, who left to join Principal Financial Group.
Mr. Masarik is member of the firm’s research teams covering traditional investment strategies. Ms. Smith declined to disclose to whom he will directly report.
Mr. Masarik was previously a vice president and senior investment analyst at Strategic Investment Solutions. The firm is in the process of seeking a replacement, according to Deborah Gallegos, director of manager research at SIS.