NEW YORK (HedgeWorld.com)–Fund of funds manager Torrey Associates hired Paul Ferraro to help the firm build its business with financial advisers.
Mr. Ferraro previously was a partner in the alternative investments group at Evergreen Investments, a unit of Wachovia Corp., Charlotte, N.C. Evergreen officials couldn’t be reached for comment on the name of his replacement.
At Torrey, Mr. Ferraro is a director in Torrey’s private client group, taking a new marketing and sales position as part of a firm expansion, said Ricardo Cortez, president of Torrey’s private client group. Mr. Cortez said that Mr. Ferraro has a strong understanding of hedge funds and their investment techniques and is able to explain them to financial advisers and their clients.