Funds Still Grabbing Bear Stearns Alums

Ex-Bear Stearns executives continue to land high-level roles with hedge funds.

Capital Z Asset Management said late last month it hired James M. Marrone, Jr. as chief marketing officer, a new role designed to strengthen sales and hedge fund sponsor services. He'll provide strategic direction for sales, marketing and product development while supporting Capital Z's sponsored managers in marketing and new business initiatives.

Marrone led corporate institutional sales efforts at Bear Stearns Asset Management. Before joining Bear Stearns 10 years ago, he worked for Capital Management Associates and Westpac Banking Corp. He has a B.A. in economics from College of the Holy Cross.

Meanwhile, former Bear Stearns convertible fund manager Loren Griffin joined Cargill's hedge fund subsidiary, Black River Asset Management LLC, as head of U.S. convertibles, according to Hedge Fund Manager Week.