Red Spruce Capital, a privately held Registered Investment Advisor, announced today the hiring of Raymond J. McCaffrey, CFA, as a Portfolio Manager. McCaffrey will directly manage all aspects of investment research, selection, and management for client portfolios. He joins Red Spruce’s Portfolio Management team of Amish Desai, Mark Kennedy, Rahul Shah, and Mark Vasquez.

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Red Spruce Capital welcomes Raymond J. McCaffrey, CFA (Photo: Business Wire)

McCaffrey comes to Red Spruce from Cypress Capital Management where he served as Managing Director and Chief Investment Officer overseeing $1.2 billion of discretionary assets under management.

"Ray brings invaluable experience to Red Spruce Capital," commented Amish Desai. "He has navigated every type of market environment throughout his extensive career in the investment management industry."

Added Mark Vasquez, "Our boutique investment advisory model at Red Spruce relies upon the deep expertise of our Portfolio Managers. We deliver institutional-quality research directly to retail clients, and Ray's experience is perfectly aligned with our approach. We are thrilled to welcome him to the team."

Ray graduated, cum laude, from Villanova University in 1985 with a Bachelor of Science in Economics. He received a Master’s in Business Administration with a concentration in Finance in 1987 from Carnegie Mellon University Tepper School of Business. Ray is a CFA® charterholder.

About Red Spruce Capital

Red Spruce Capital provides investment management services to individuals, families, businesses, and trusts. The firm is headquartered in Berwyn, PA. For more information, please visit www.redsprucecapital.com.

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