NuWave Investment Management LLC, an alternative investment manager based in Chappaqua, N.Y.,, has hired Craig Weynand as managing director of business operations.

Weynand, 39, was director of investor services at Graham Capital Management LP. Before that he was general counsel and a member of the executive management committee of Campbell & Co. Inc.

NuWave announced his hiring Tuesday.

NuWave, established in 2000, specializes in quantitative trading strategies and their systematic application to financial and commodity markets.

It has more than $500 million of assets under management.

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