American Century Investments has hired Michael Perelstein as a vice president and senior portfolio manager of its international equity group. That group manages the American Century International Growth Fund.

Formerly the chief investment officer at hedge fund Ellis Island Partners, the German-born Perelstein has also worked in international equities at Schroders and in various roles at First National Bank of Chicago, Brison Partners and Mackay Shields.

"Michael is a veteran investment manager with proven expertise managing large, international equity portfolios," said Henrik Strabo, senior vice president and chief investment officer for the international equity group.

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