FletcherBennett Adds Marketing Professional in Response to Increasing Investor Demand for Emerging Managers

NEW YORK, May 5, 2011/PRNewswire/ --FletcherBennett Capital LLC announced today the hire of James J. ("Jay") Gallagher, Jr. as a Principal to expand FletcherBennett's institutional hedge fund investor coverage.  FletcherBennett is a consulting firm for the hedge fund industry, specializing in business development and institutional investment on a global basis.  Mr. Gallagher joins the firm with extensive experience covering investors during his 14 years in the investment industry.

Prior to joining FletcherBennett, Mr. Gallagher was Vice President of the Capital Introduction group at Bank of America Merrill Lynch, where he covered key institutional relationships in the endowment and consultant channels, as well as family office and fund of funds investors in the New York area and Southeastern U.S.  Previously, Mr. Gallagher was Director of Marketing and Client Service at Bennett Lawrence Management, an investment management firm which managed long/short equity hedge funds and traditional growth equity portfolios.  Prior to that, he held positions at Bear Stearns & Co., and Salomon Smith Barney.  Mr. Gallagher earned a BA in History from Dickinson College and an MBA in Finance from University of Notre Dame.

In his new role, Mr. Gallagher will be responsible for FletcherBennett's coverage of institutional hedge fund investors, including family offices, endowments and foundations, pensions and consultants, as well as banks, insurers and funds of funds.

"Industry flows have improved, investors are again actively sourcing new hedge fund products, and FletcherBennett has recently added new clients," said Howard Eisen, Managing Director, FletcherBennett Capital LLC. "As a result, we're very pleased to incorporate Jay's extensive experience and relationships into our comprehensive services."  

About FletcherBennett Group LLC

FletcherBennett Capital LLC is a division of FletcherBennett Group LLC, which is a hedge fund strategy and consulting firm, working with both hedge fund managers and institutional investors on a range of topics including: strategic marketing, business development, operational and investment infrastructure, managed accounts, prime brokerage, manager sourcing, and risk management.  FletcherBennett was formed in June of 2009 by Andrew Dabinett and Howard Eisen, each of whom have over 20 years experience in hedge funds, prime brokerage, and the capital markets.  The firm is based in New York City and is a registered broker/dealer and a member firm of FINRA and SIPC.  For more information, please visit www.FletcherBennett.com.

SOURCE FletcherBennett Group LLC