Brian Weinstein was named managing partner at Blue Elephant Capital Management, Mr. Weinstein said in an e-mail.
It is a new position. Mr. Weinstein started Sept. 1 and heads up the firm's institutional investor business. Blue Elephant Capital Management had $45 million in assets under management as of July 31, and is the investment adviser for the Blue Elephant Consumer Fund, which invests in prime consumer, short-term, small-business loans issued by online peer-to-peer marketplaces.
When Mr. Weinstein's departure was announced in March, BlackRock spokesman Brian Beades said most of Mr. Weinstein's responsibilities would be assumed by members of the fixed-income team, and Akiva Dickstein, managing director, senior portfolio manager and head of the mortgage portfolio management team, would take on Mr. Weinstein's core and core-plus portfolios.