Wednesday, 23 July 2014
Last updated 43 min ago
Mar 1 2011 | 5:22am ET
Conrad Levy, who spent the past three years shutting down a hedge fund, will get a chance to set one up.
Levy has been named chief operating officer of Benros Capital, the new London-based hedge fund founded by former Goldman Sachs proprietary traders Daniele Benatoff and Ariel Roskis. Benros, a European event-driven fund, has won $300 million in seed funding from Brummer & Partners, is set to launch its debut vehicle in the second quarter.
Levy had been COO—and chief compliance officer and top legal manager—of Peloton Partners, hired to shutter the firm after its hedge funds were wiped out during the financial crisis in 2008. Like Benros, Peloton was founded by a pair of Goldman veterans.
Benatoff and Roskis are, of course, hoping for better things. The two had worked at Goldman Sachs Principal Strategies, and are among at least five sets of Goldman prop. trading veterans launching hedge funds in the wake of the bank’s decision to shutter its prop. desks.
Levy has been running his own hedge fund consultancy since leaving Peloton.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…