The new firm, called FBG, will initially focus on alternative investment firms.

Point Capital has named Kirk Johnson, a hedge fund technology veteran, to head FBG. He has over ten years of experience in IT, including the last eight years in the hedge fund industry. His initial exposure in the industry was as a network engineer for a Eze Castle Integration in New York City rom 2001 to 2004, where he worked on several large projects including new implementations, relocations and disaster recovery services. In 2004, he was hired as vice president of operations at Stadia Capital.

"We see an opportunity in the marketplace for a highly talented IT provider who understands the infrastructure needs of investment firms and other entrepreneurial enterprises to deliver superior service at a better value than existing providers," says Richard Swift, managing partner of Point Capital. "We've tasked Kirk to emulate what he did at Stadia Capital and provide that as a service for the entire industry."

FBG provides advisory services including technology services, business level consulting and software development. IT services include traditional IT outsourcing, help desk, network security monitoring, and hosted services. Business consulting services include relocation advisory services, business continuity advisory and CTO advisory.

FBG also provides software development services including data warehouse design and implementation, applications integration and custom web design.

FBG currently maintains offices in Manhattan and Chatham, New Jersey.