Money Management

Ellington Management signs head of business development for Europe, Middle East

Jonas Frantz joined hedge fund manager Ellington Management Group as managing director and head of business development — Europe and Middle East.

The London-based position is new, Ellington spokesman Jonathan Gasthalter said in an email.

Mr. Frantz was founder and managing director of JCF Consilium Consulting, a third-party marketing firm that is now closed.

Ellington manages about $8 billion in credit-focused hedge funds.