NEW YORK (HedgeWorld.com)–Vega Asset Management, a London-based US$12 billion global macro and fixed-income hedge fund firm, named David Mullins Jr. chief economist.

The job comes in addition to Mr. Mullins’ responsibilities as managing director and chief economist at Azimuth Trust, a fund of funds business with more than US$400 million in assets, which has a working relationship with Vega. He also will continue to serve as a member of Azimuth Trust’s investment committee.

Mr. Mullins is well known in the industry as a founding principal of Long-Term Capital Management. At LTCM he was involved in relative value and directional strategies in equity and fixed income in U.S., European and Japanese markets. He also co-founded the firm’s Asian investment business.

Prior to LTCM, Mr. Mullins was vice chairman and governor at the Board of Governors of the Federal Reserve System. Before that, he was assistant secretary for domestic finance at the U.S. Department of the Treasury, where he helped shape government policy in dealing with the savings and loan crisis.

In his new role, he will help Vega formulate economic views and represent the firm at senior levels of the investment and regulatory worlds.

“I am excited about the opportunity to complement my activities at Azimuth Trust by working with and advising the talented team of professionals at Vega,” Mr. Mullins said, in a statement.

CKurdas@HedgeWorld.com

Contact Robert F. Keane with questions or comments at:

bkeane@ia-mag.com.