Arthur Richardson was named risk manager by hedge fund-of-funds manager Prisma Capital Partners.
The position is new; Mr. Richardson primarily will perform due diligence on hedge fund managers, according to John McInerney, a Prisma spokesman. He reports to Emanuel Derman and Shankar Nagarajan, co-heads of the firm's risk management team.
Mr. Richardson was a convertible arbitrage hedge fund portfolio manager at Quattro Global Capital before leaving in February, said a spokesman who asked not to be named. Brian Swain, Quattro CEO, did not return a call seeking information about Mr. Richardson's replacement.