EOWA CITY, Iowa (HedgeWorld.com)–BlackHawk Capital Management has made its first hire since the hedge fund shop opened its doors in April. David Hollins will join the firm as the new director of research.

Mr. Hollins will be responsible for providing buy and sell recommendations on new offerings and existing holdings. The firm expects to bring on board one more person within the next three to six months, and Mr. Hollins will be involved in that process.

BlackHawk Managing Director Doug Penick first met Mr. Hollins at his previous position at Goldman Sachs. In that role, he covered UnumProvident, where Mr. Hollins was a research analyst.

“I got to know him during the two and a half years he was there and have the utmost respect for his work ethic and leadership,” Mr. Penick said.

At UnumProvident, Mr. Hollins made research calls on the company’s 15B investment grade corporate bond portfolio. Before that, Mr. Hollins worked at Tradestreet Investment Associates, also as a research analyst.

The firm started in April with US$1.45 million in capital and now has US$8.5 million. “Now we have the money to start building up a team,” Mr. Penick said.