Fri, Feb 12, 2016
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 - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  2. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise

  3. Investing - Some hedge funds want to make subprime auto loans next big short, 11 hedge funds that are “all in” on the FANG stocks, Hedge funds short London luxury homes, Cynet raises $7 million from U.S. hedge fund[more]

    Some hedge funds want to make subprime auto loans next big short From Bloomberg.com: A group of hedge funds, convinced they have found the next Big Short, are looking to bet against bonds backed by subprime auto loans. Good luck finding a bank willing to do the trade. Money manage

  4. Investing - Hedge funds see selloff in European bank stocks as buying opportunity[more]

    From WSJ.com: The massive selloff in European bank stocks and bonds is overdone and presents a “phenomenal” buying opportunity, according to some of Europe’s top hedge-fund managers. Despite a 28% slump in European bank stocks this year, including a 38% fall in Deutsche Bank AG and a 34% drop in Soc

  5. Legal - Carlyle accused of fraud by ex-employee, Hedge funds win CDS breach of contract suit against Deutsche Bank, Hedge fund asks for OK on $27.5m Goldman CDO deal, SFO examines Barclays hedge fund profits[more]

    Carlyle accused of fraud by ex-employee From AI-CIO.com: A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments. Carlyle Group has been sued by a former portfolio manager for one of its hedge funds, who accused the firm of “knowi