Gregory Berman was named principal and co-head of fundamental strategies at alternative money manager Investcorp, spokesman Matthew Gross said.
It is a new position. Mr. Berman will be co-head of fundamental strategies with Elena Ranguelova, principal, who previously served as sole head of the strategies. The two will oversee equity, credit and event-driven strategies.
Mr. Berman also will be a member of the hedge funds strategic outlook and investment committees. He reports to Lionel Erdely, chief investment officer and head of hedge funds.
Mr. Berman was previously director and head of credit hedge fund strategies at hedge fund-of-funds manager Lyxor Asset Management. Officials at Lyxor Asset Management could not be reached by press time.
Investcorp has $11 billion in assets under management.