AlphaMetrix Alternative Investment Advisors, a Chicago-based research and management firm, has hired Ranjan Bhaduri as managing director of research. Bhaduri most recently served as vice president of the Graystone Research group of Morgan Stanley.

“The breadth and depth of his knowledge and experience with regards to the study and research of alternative investment strategies will be a driving force behind the direction and future of AlphaMetrix,” said Aleks Kins, founder and president of AlphaMetrix.

Prior to joining Morgan Stanley, Bhaduri was at a multi-billion dollar capital management firm where he was involved in its fund of hedge funds and structured finance business.

AlphaMetrix’s research services include both quantitative and qualitative manager screening, due diligence reporting and investment program analysis. The firm’s Mosaic Platform, an online direct investment portal, provides investors access to commodity trading advisors, forex and global macro managers.