Ex-GSA Chief Join's JPMorgan Vet's Hedge Fund

Mar 22 2011 | 11:33am ET

Former GSA Capital Partners CEO Joseph Novarro has joined the alternative investments firm founded by former JPMorgan Chase executive William Winters.

Novarro has been named chief operating officer of Renshaw Bay, which Winters founded last month. He is the first big-name hire for Winters, the former co-CEO of JPMorgan's investment banking business.

Renshaw Bay is backed by Jacob Rothschild's RIT Capital and Johann Rupert's Reinet fund; the two are providing tens of millions of pounds in seed capital.

Novarro left GSA in May after battling with the firm's founders over its direction.

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