Renee Noto was named managing director, business development, at Fifth Street Asset Management, spokesman Nicholas Rust said.
The position is new. Ms. Noto will be responsible for developing institutional client relationships for the firm. She will also serve on the company’s hedge fund investment committee and will report to Todd Owens, co-president of Fifth Street Asset Management.
Ms. Noto was head of business development and investor relations at Balcony Partners. It could not be learned by press time whether she has been replaced.