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.