Opalesque Industry Update - Brightlight Capital Management, a long/short small cap value manager, announced the appointment of D. E. Shaw veteran Bob Covaci as senior analyst and Chief Operating Officer. Mr. Covaci joins the firm at its new office in Westport, CT.|
“This is a very exciting and important time for Brightlight Capital,” said Dima Rubinchik, founder and portfolio manager of the three year old firm. “Bob brings significant analytical and operating expertise to our team. His sixteen year background as both a skilled value analyst, as well as operating officer, will provide us with considerable depth at this stage of our firm’s growth.”
Mr. Covaci will work alongside the portfolio manager sourcing ideas and analyzing small cap equities. In addition, he will oversee monthly operational processes and back office procedures.
For the last four years Mr. Covaci ran his own investment firm implementing a value-oriented strategy similar to Brightlight Capital Partners LP. Previously, he was a senior vice president at D. E. Shaw & Co. where he split his eleven year tenure between operating and investment roles, serving as COO and senior analyst in a private investment group. Bob holds a BA in Economics (with honors) from Stanford University and was awarded the John G. Sobieski Prize for Creative Thinking in Economics.