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Money Management

BlueCove brings on head of business development

Ulrich Koall was named head of business development at BlueCove, a spokeswoman said.

The position is new. Mr. Koall is responsible for the firm's business development, including relationships with the institutional investors and consultants.

"(Mr. Koall) is a highly experienced fund industry professional with an extensive track record of success in understanding client needs across both traditional discretionary and scientific fixed-income strategies," CEO Alex Khein said in a news release.

Mr. Koall was head of business development at TOBAM. Details of his replacement could not be learned.

BlueCove is a London-based active fixed-income manager that received its license from the Financial Conduct Authority in February. It has not launched any strategies yet, the spokeswoman said.