Peter F. Karpen joined hedge fund-of-funds manager Martello Investment Management as director of business development. Mr. Karpen is the firm’s first dedicated marketer and client service professional, said David McCarthy, CIO. Martello Investment Management now has eight employees that manage a family of hedge funds of funds — mainly for institutional investors — with total assets of $700 million.
Mr. Karpen was director of marketing and investor relations at Archetype Risk Advisors. A.R. Arulpragasam, ARA president and CEO, said a decision hasn’t been made yet about Mr. Karpen’s replacement.
