Thu, Dec 14, 2017
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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c