Friday, 21 November 2014
Last updated 1 hour ago
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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...