Quant shop Analytic Investors has hired Paul Runge as a Director of Business Development to focus on institutional investors, with an emphasis on public pension plans.

Prior to joining the firm, Runge worked at GE Asset Management, where he was responsible for Institutional sales and key client relationships for public, corporate, endowments and foundation plans in the western U.S.

Runge is the second senior business development executive to join the firm in two months. In November, George Mathews was named Head of Business Development. The two senior appointments follow the firm’s management buyout from Old Mutual Asset Management last year.

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