Ex-Goldman Prop. Trader, Hedge Fund Founder Joins Halcyon

Jun 4 2014 | 9:53am ET

Benros Capital co-founder Daniele Benatoff has returned to the hedge fund industry a year-and-a-half after shutting that venture, joining Halcyon Asset Management.

Benatoff will serve as co-head of the U.S. firm’s British affiliate, Financial News reports. His co-head will be named later.

A former Goldman Sachs proprietary trader, Benatoff will focus on merger, credit and special situations at Halcyon.

Benatoff and fellow Goldman prop. trading veteran Ariel Roskis founded Benros in 2011 with $300 million in seed capital from Brummer & Partners. The two shut the fund down less than two years later, after Brummer pulled the investment. Over its life, Benros lost about 7%.

“Halcyon is delighted to be adding a professional of Daniele’s caliber,” Halcyon chief operating officer Thomas Hirschfeld said.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...