New York (HedgeCo.net) – Massachusetts based Brighton House Associates (BHA) today announced that Daniel McDermott, the Founder of BHA, will assume the role of Chief Executive Officer. McDermott, a hedge fund industry veteran, launched BHA in 2007 and pioneered the concept of capturing investors’ allocation plans and manager search efforts so marketers could increase the success rate of their capital-raising efforts.
“I’m excited to be involved in a dynamic company that is changing the way fund managers and investors source each other,” McDermott said of the move. “The new initiatives BHA will introduce in 2012 will further our position as a leader in the alternative investment industry.”
The appointment of McDermott to CEO is in preparation for the launch of several new initiatives. In June, BHA will release version 3.0 of its web-based investor mandate software. In addition to several new features, version 3.0 will be released with more than 1,000 new investor interviews.
In September, BHA will host its first capital introduction conference. Entitled BHA Select Hedge Funds 2012, this event will be held at Fenway Park in Boston and bring together 100 premier hedge funds and 300 investors.
Alex Akesson
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