Schachter Retiring From Moore Capital

Nov 10 2010 | 11:04am ET

Barry Schachter is stepping down as director of quantitative resources and chief risk officer at Moore Capital Management.

The hedge fund veteran is retiring from the firm after four and half years. Prior to joining Moore, he headed risk management at Balyasny Asset Management, SAC Capital Advisors and Caxton Associates, and was vice president of market risk management at Chase Manhattan Bank.

Schachter, a Cornell University financial economies Ph.D., began his career as an academic, teaching at several universities before joining the Commodity Futures Trading Commission as a research economist. In 1994, he became a financial economist at the Comptroller of the Currency's risk analysis division before joining Chase in 1997.

Schachter confirmed his retirement. In an interview with the blog Business Insider, he said, "I am not sure what I will be doing next. Just thinking at this point."

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