Friday, 12 February 2016
Last updated 3 hours ago
Jan 7 2011 | 9:05am ET
Paul Findley, one of Moore Capital Management's top managers, has founded a hedge fund firm of his own that could launch with as much as US$750 million.
Findley, who has honed his hedge fund chops at Moore for less than a year-and-a-half since joining the firm from Threadneedle Asset Management, will launch his new firm's maiden hedge fund in April. Moore may invest in the new European long/short equity fund, but hasn't made a firm decision on how much it will bet on its outgoing star, Financial News reports.
Bramshott Capital—named for Findley's hometown—already has a Mayfair office and a handful of employees. The firm, which is expected to have 10 staffers when it debuts, has hired Threadneedle's Sarah-Jane Urry as head of investor relations, Stanhope Capital's Rupert Mahon as chief operating officer and Lansdowne Partners' Paul Robbins as chief risk analyst.
It has also hired an unidentified analyst.
One prime broker interviewed by FN estimated that Bramshott could garner between US$700 million and US$750 million by launch.
Findley joined Moore in September 2009 after 10 years at Threadneedle, where he managed the U.K. Crescendo Fund. Moore launched a separate fund for Findley last year, called PF Moore.