Investcorp's U.S.-based Hedge Fund business announced that Elena Ranguelova has come on board as Head of Credit and Equity Strategies.

This is a newly created position in which Ranguelova will be responsible for supporting the growth of both investments in emerging managers and the Single Manager Platform- Investcorp's hedge fund seeding business.

"Elena has established an exemplary track-record working with credit and equity hedge fund managers throughout her career. Her analytical experience will serve as a great complement to the depth of the Investcorp hedge fund team, and her extensive network on the sell side enhances Investcorp's ability to evaluate new emerging managers," remarked Savio Tung, CEO, North America in a statement.

(Investcorp is the parent company of SourceMedia, which publishes Money Management Executive.)

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