Sat, May 23, 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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner