The division will manage $500 million in assets initially.
The CMO is responsible for the firm’s marketing efforts and brand strategy across its global asset management client base.
He will drive continued growth of existing businesses and identify future areas of interest among institutional investors.
The new director will help strategize, develop and implement alternative investment initiatives.
The investable universe is primarily domestic small capitalization stocks with a focus on quality companies that the portfolio management team believes to be attractively valued.
He will lead the firm’s hedge fund research.
The new hires include two fund managers and an analyst.
They will oversee human capital, ESG and corporate social responsibility, communications and brand marketing.
The outgoing managing director was first hired in February 2020.
Nearly 200 hedge funds launched in the first quarter of 2021, according to Hedge Fund Research, the most since 2017.