Nicholas Lobaccaro joined EVA Dimensions as president and COO.
The president position is new; Mr. Lobaccaro assumes the role of COO from Al Ehrbar, executive vice president. Mr. Ehrbar confirmed that EVA Dimensions provides equity research about economic value-added strategies and support software.
Mr. Lobaccaro will develop additional research, investment tools and structured products, as well as with finding strategic partners to work with EVA Dimensions.
Mr. Lobaccaro was partner and head portfolio manager of the cyclical sector strategy for Weiss Multi-Strategy Fund, a hedge fund managed by George Weiss Associates. Mr. Lobaccaro did not return a call seeking clarification about his role at his previous firm, which is listed as inactive by the SEC on its Investment Adviser Public Disclosure website.