NYCO Hedge Fund Portfolio

Isaac Efrat joined Aladdin Capital Management as senior managing director, said Michael Carroll, director of sales and marketing services. It is a new position. Mr. Efrat rounds out a group of seven senior managing directors. Mr. Efrat was managing director at Moody's Investor Service and worked with the derivatives group; he left the firm in October 2002, and the company did not directly fill his position, said Lisa Tibbitts, Moody's spokeswoman. Aladdin Capital has about $4 billion in assets under management.