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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

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