Cutwater Asset Management spreads name via key hires.

Cutwater Asset Management, based in New York, with $40 billion under management, specializes in solely institutional fixed income investment management. The firm has recently appointed four key personnel in the efforts to push product distribution and consultant relations.

Jerry Thunelius has joined the firm as managing director of portfolio management for Cutwater’s traditional strategies, which provide retail and institutional investors with a suite of investment services ranging from money market vehicles to broad multi-sector fixed income strategies.

Thunelius has formerly held top positions Allianz Global and Oppenheimer Capital.

Robert Alan will join Cutwater as managing director and head of consultant relations this October. Alan previously left his post as head of North America consultant relations at Putnam Investments. Michael Sheridan will also join Cutwater in October as vice President of institutional marketing, also formerly at Putnam Investments.

Charlie Hannigan has joined Cutwater as managing director of institutional sales. Hannigan departed from director of new business at global macro hedge fund, Caxton Associates and has held positions at alternative shops such as The Carlyle Group, SAB Capital, and Andor Capital Management.

These four hires come shortly after the appointment of Christopher Keating as managing director and head of global sales and distribution last May, and “highlight Cutwater’s commitment to and strategic focus on its key growth areas, including total return strategies, liability driven investing and alternative fixed income strategies,” according to a statement.

Of the new team, Chief Executive Cliff Corso stated: “Their collective talent will help us to accelerate our growth and better serve key channels such as consultants, pension plans, insurance companies and local governments.”

“These strategic moves also demonstrate our steadfast commitment to our mission of providing the institutional marketplace with innovative solutions, strong and consistent risk-adjusted returns and top-tier client service,” Corso said.