WSJ hires Sterngold to cover hedge funds

Francesco Guerrera, the money & investing editor for The Wall Street Journal, sent out the following announcement on Tuesday:

We are delighted to announce that Jim Sterngold is joining the WSJ as a senior special writer focusing on the hedge-fund industry. Jim is one of the most experienced, skilled and tough financial journalist around and his eye for a story, ability to work with others and knowledge of Wall Street will be a terrific addition to Money & Investing.

Jim previously spent 20 years at The New York Times covering Wall Street and then as a correspondent in Tokyo and Los Angeles, writing about topics ranging from economics and politics to national security, the prison system and culture and the arts. While at the Times, Jim shared a Pulitzer for the paper’s coverage of 9/11. After several years doing magazine writing and working at Bloomberg/Businessweek, Jim joined SmartMoney Magazine as a Senior Writer and then was a contributor at Fortune.

He is just completing a book, which he co-authored, on cancer research and treatment. Jim’s SmartMoney article on the weakness of mutual fund boards is a finalist for a Deadline Club award and his Businessweek article on Richard Fuld of Lehman was named best magazine financial article of 2010 by the Foreign Press Association.

In his new role, Jim will report to Brad Reagan, our recently appointed Investing Editor.