Hedge Funds

MicroCapital opens NY office and hires researcher

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San Francisco-based hedge fund group MicroCapital recently hired Jim Boucherat to serve as vice president of research. Boucherat, a veteran portfolio manager and researcher who in 1996 founded Avocet Capital Management, will be MicroCapital's first staffer based in London.

Meanwhile, the firm is also planning a new office in New York. Both offices are being opened to augment the firm's research capabilities and to make it easier to meet investors based on the East Coast and in Europe. As part of the change, MicroCapital's Chris Jarrous will continue to head research from San Francisco and with Chris Swenson overseeing