Bani, Formerly Of Cruz Hedge Fund, Joins Brencourt

Apr 5 2011 | 8:52am ET

Having fled the hedge fund run by former Morgan Stanley President Zoe Cruz, Richard Bani has joined Brencourt Advisors.

Bani joined the firm as chief operating officer on Friday. He will oversee all non-investment aspects of Brencourt’s business and will serve on its executive committee.

“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,” CEO William Collins said.

Bani was CFO at Cruz’ Voras Capital Management, which has lost several top executives recently and last month closed one of its two hedge funds amidst fundraising difficulties. Prior to joining Voras, Bani worked at hedge funds Armored Wolf and Moore Capital Management, and at SAC Capital Advisors “affiliated funds,” Brencourt said.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of