NEW YORK (HedgeWorld.com)–Putnam Lovell NBF Securities Inc hired Luke Imperatore as managing director in its Alternative Investments Group, a new position.

The group raises capital for emerging hedge fund managers.

Mr. Imperatore previously worked as a managing director at Old Hill Partners, a Darien, Conn.-based fixed-income hedge fund, where he was responsible for raising capital for the fund, according to a news release from Putnam Lovell.

Officials at Old Hill did not return a phone call by press time seeking information about whom, if anyone replaced Mr. Imperatore at the firm.

Daniel H. Kochav, managing director and head of the Alternative Investments Group, said in a statement that Mr. Imperatore’s capital raising experience would benefit Putnam Lovell.

“His compelling fund-raising record is evidence of his deep knowledge of and relationships in the hedge fund industry,” Mr. Kochav said.

CClair@HedgeWorld.com