The $3.1 billion long/short equity specialist Senvest Management has hired Christopher Venezia to lead its marketing strategy, investor relations and fundraising efforts as head of business development.
Venezia spent 15 years at Glenview Capital Management as partner of marketing and investor relations, where he was responsible for capital raising, marketing and investor communications. Prior to that he was in institutional sales at JP Morgan Chase & Co.
“Senvest’s 25-year track record of success and unique, research intensive-culture positions it well for growth with investors including endowments and foundations, family offices, sovereign wealth funds and pension plans,” said Venezia. “The team is extremely talented and I could not be more excited to join the firm.”
The investment team employs a decidedly contrarian strategy, notably reporting outsized gains in GameStop in 2021. The stock infamously caught other hedge funds off guard in the early part of the 2021 during the ‘meme’ stock craze. The New York firm was founded in 1997 by Rich Mashaal and is known for its a fundamental, contrarian, research-driven and value-based investment strategy.
“Senvest has a long history of delivering superior returns and we are thrilled to have Chris join our team to lead our business development strategy,” said Mashaal, who is also co-CIO of Senvest. Venezia will be instrumental as the firm positions itself for long-term success and growth, added Senvest Co-CIO Brian Gonick.