After Criterion Merger, NACM Hires First CIO
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San Diego-based Nicholas-Applegate Capital Management (NACM) has hired one-time Kidder Peabody & Co. chief information officer George Kenney to be its own CIO. The firm opted to appoint a CIO--the first time it has filled such a position--some four months following its acquisition of the assets of Houston-based fixed-income money manager Criterion Investment Management Co. The acquisition nearly doubled NACM's investment burden, to a total of about $27 billion in assets under management; the
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