Most recently, Daphne was a Managing Director at Bessemer Trust, where she was Director of Hedge Fund Investments and Co-Head of Bessemer's Alternative Investments Group. As Co-Head of the firm's alternative investment business, she co-managed the team responsible for Bessemer's global investment activities in hedge funds, private equity, and real estate, overseeing a team of 22 dedicated members.
As Director of Hedge Fund Investments, she was responsible for building out the firm's hedge fund investment platform over the past 14+ years. She was portfolio manager for Bessemer's suite of hedge fund portfolios, built out “best practice” procedures in manager research, due diligence and operations, as well as all aspects of the alternative industry’s business systems and infrastructure. She was also responsible for working with high net worth and institutional clients on their overall investment goals and objectives, asset allocation and portfolio management needs.
Daphne was also a member of Bessemer's Investment Policy and Strategy Committee, a group which included the firm’s CIO, portfolio managers and key members of the Quantitative Strategies group, and was responsible for the firm’s overall asset allocation and tactical positioning, among other duties. Daphne was also a member of both the Private Equity and Real Estate Investment Committees and Chair of the Hedge Fund Investment Committee.
Prior to joining Bessemer Trust, Ms. Richards was a Senior Investment Strategist and Consultant in Russell Private Investment Services at Frank Russell Company, providing asset allocation and manager recommendations to high net worth clients, with particular emphasis on hedge fund investment allocations. Prior to that, she worked at Union Bank of Switzerland, as a Credit Officer, overseeing derivative trading activity with hedge funds. Prior to that, she worked at Credit Suisse New York as a Corporate Finance Analyst, and Hambros International Venture Fund LLC.
Ms. Richards received a B.A. from Georgetown University in English Literature. She also completed Credit Suisse’s International Banking School Corporate Finance and Capital Markets Training Program.