Sunday, 24 July 2016
Last updated 1 day ago
Nov 8 2010 | 11:56am ET
Moore Capital Management has bounced back from its struggles earlier this year, riding a strong October to erase its year-to-date losses.
The New York-based firm's Global Investors fund jumped 1.98% last month to bring it back into the black for 2010. The global macro fund, managed by Moore founder Louis Bacon, is now up 1.54% on the year.
That means, however, that the second half of October hurt the fund. The Financial Times reported that Global Investors was up 2.75% year-to-date through Oct. 14.
Moore Capital manages $15 billion.