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Larry Benedict '84

Managing Director
Banyan Equity Management LLC

Larry Benedict, a graduate of Syracuse University, has over 25 years of experience as an investment professional. In 1984, he began his career as a market maker in equity derivatives products on the floor of the Chicago Board of Options Exchange. Later, Benedict worked as a market maker on the American Stock Exchange and, in 1989, was hired by Spear Leeds & Kellogg (SLK) as its options specialist in the XMI Major Market Index on the American Stock Exchange. From 1992 to 1995, Mr. Benedict managed the off-floor derivative index trading at SLK. In 1995, Benedict became a managing director of the newly created proprietary trading department of SLK. During this time, Benedict became a Special Limited Partner of the organization. After the Goldman Sachs purchase of SLK in 2000, Benedict took the opportunity to launch Banyan Equity Management, LLC.