NEW YORK, April 8 (Reuters) – Hedge fund Cruiser Capital Advisors LLC, which focuses on industrial and financial investments, has hired Nicholas Kapur from SumZero, an online community for investment professionals, a person familiar with the move said.

Kapur joins Cruiser Capital as a managing director and will be responsible for marketing and business development as well as identifying potential deals for the New York-based firm with $250 million under management.

He worked at SumZero for nearly eight years and served as the company’s chief operating officer for the last five years. SumZero offers a social network for selected investment professionals to post their research about thousands of publicly traded companies. SumZero CEO Divya Narendra said he wishes Kapur well in his new position. Cruiser