Greg Coffey, the flamboyant star fund manager at the US hedge fund Moore Capital, once described as “one of the most impressive traders in the world”, is to retire at the age of 41.
You could not blame GLG Partners co-founder Noam Gottesman for feeling a little smug today.
Louis M. Bacon, founder and head of New York-based Moore Global Investment fund has announced the decision to pay back $2bn to investors, a quarter of the value of assets under management, following a lack of investment opportunities and recent poor returns.
Philipp Hildebrand, former head of the Swiss National Bank, who was forced to resign in January over a currency trading scandal involving his wife, is to join BlackRock.
James Caird Asset Management, the spin-out of US-based hedge fund Moore Capital Management LLC, has hired a former adviser to President Obama to help steer its investment strategy from Washington, DC.