Sat, Aug 29, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Richard Bani leaves Zoe Cruz' hedge fund Voras and is announced as Brencourt Advisors' new Chief Operating Officer

Monday, April 04, 2011
Opalesque Industry Update - In a note to investors of the firm, Brencourt Advisors CIO & CEO WIlliam Collins announced that Richard Bani, formerly of Voras Capital (Zoe Cruz's firm) would be joining Brencourt as Chief Operating Officer.

Bani was rumored to be "on the way out the door" at Voras as recently as March 17 (NY Post), and according to Collins, officially joined Brencourt on April 1st.

Bani will be responsible for all non-investment related business, and will also be a member of the firm's Executive Committee. Prior to Voras Capital, he held positions with Armored Wolf, Moore Capital and "SAC affiliated funds".

"Rich has a tremendous reputation in our industry as a professional and a leader, and we look forward to working with him in the years ahead," said Collins in the letter.

Collins also touched on the changes the firm has made over the past months, all with an eye on future growth. "As our firm is growing in assets, we are encouraged by the investment opportunities in the event space. To be in front of that growth, we have been enhancing our team for the last twelve months. We have deepened our merger team, added research analysts to our event and credit teams, brought in experts in business development, and now are augmenting an already solid management team. This has only been possible with the help of our friends and investors. We will continue to work hard to meet your expectations." The firm also recently announced (last October) that former Armored Wolf CEO Alan Andreini joined Brencourt as Chairman of the Executive Committee. (Source)

Corporate website: Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner