Russell Investments has appointed Brian Burke as risk management officer and Lance Babbit as senior portfolio manager, to its hedge funds team.

Burke brings 10 years of experience in providing risk services to institutional investors in hedge funds and other alternative investments. In his new role he will be responsible for analyzing market risk exposures in individual alternative investment manager portfolios, as well as aggregate Russell fund of funds portfolios. Burke was most recently executive director and head of the analyst team at Measurisk.

Babbit joins from Credit Suisse Group where he was director, head of North America portfolio hedge fund of funds in the Alpha Strategies Group. As a senior portfolio manager, Babbit will oversee the firm's multi-strategy hedge fund of funds portfolios, both custom and commingled, for institutional and private clients.