SEC-registered investment adviser Torrey Associates has appointed John Casano as Head of Risk Management.
Casano joins Torrey from Credit Suisse's USD 15 billion fund of hedge funds division where, among other responsibilities, he worked closely with the Risk Management Group in constructing customized portfolios for institutional and high net worth clients with specific risk- oriented parameters. In this capacity it was imperative that he understand and help manage the multitude of risks inherent on both the individual manager level as well as the portfolio as a whole. Prior to his position at Credit Suisse, he was a Manager Research Analyst at Tremont Capital Management in Rye, New York.
Casano, who graduated from Villanova University, where he received a BS degree in Finance, also holds the CAIA designation (Chartered Alternative Investment Analyst) and is a CFA Level I candidate.
'The addition of John Casano is a significant step ahead for our firm,' says James Torrey, Chairman of Torrey Associates, LLC. 'We firmly believe that in-depth manager research and disciplined risk management is essential to our continued success. We are talent scouts. Our core skill set is in the analysis and selection of long/short equity managers at an early stage of their development, before others recognize them as being superior investors. John will be responsible for building and enhancing our risk management effort. In addition, we plan to use John's skills proactively in the portfolio construction process.'
Rick Cortez, President of the Private Client Group, adds: 'As our firm has grown, our clients and strategic partners must have the confidence that our risk management process and procedures meet the highest possible standards in the industry. We believe John Casano will play a major role in this important effort.'
Background notes: Torrey Associates, LLC. founded by James Torrey in 1990, is a fund of hedge fund investment company that invests in equity long/short hedge fund managers throughout the world. The firm's assets under management have grown to almost $800 million, up from approximately USD 600 million just a year ago. Torrey's growth has in part been fueled by strategic relationships with several of the world's largest global financial institutions.