Ted Wright was named managing director and chief market strategist at Endeavour Capital Advisors. The position is new, said Corinne H. James, Endeavours director of investor relations and marketing. Mr. Wright will oversee new product development and strategic growth of the firm, which now manages $600 million in a fundamental long/short equity hedge fund, mostly for institutional investors. Mr. Wright was portfolio manager and equity strategist at hedge fund-of-funds manager Tremont Capital Management. Montieth Illingworth, a Tremont spokesman, did not have information about Mr. Wrights replacement.