Moore To Spin Off Findley's Equities Team

Nov 10 2010 | 1:05pm ET

Moore Capital Management is spinning off its European equities team into a new hedge fund helmed by Paul Findley.

Findley's firm may debut in the first quarter, Bloomberg News reports, backed by $250 million from New York-based Moore. The schedule may change as Findley seeks Financial Services Authority approval.

Findley joined Moore in 2008 from Threadneedle Asset Management.

The Findley spinout follows that of James Caird Asset Management from Moore in 2008.

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