Mellon Capital Management has brought a veteran former hedge fund manager back as chief investment officer.
Michael Ho, who developed and managed hedge fund strategies during a seven-year stint at Mellon Capital, has also been named vice chairman of the Bank of New York Mellon division.
In his new role, he will focus on client relationships.
Ho replaces Thomas Hakuza, who has led Mellon Capital since 1989. He remains with the firm, serving both on the board and investment committee.
Ho returns to Mellon from Kévian Capital Management, the $300 million tactical asset allocation management firm he founded. That firm is closing. He also worked at Zurich, Switzerland-based Marcuard Family Office as chief investment officer after leaving Mellon Capital in 2003.