Schachter, Ex-Moore, SAC, Joins Hedge Fund Woodbine

Jan 24 2011 | 11:21am ET

Barry Schachter, the famed quantitative investor and veteran of risk manager late of Moore Capital Management, has joined Woodbine Capital Advisors.

Schachter left Moore in November, saying that he was not sure what he would be doing next. He spent the past four-and-a-half years at Moore as director of quantitative resources and chief risk officer. Before joining Moore, he was head of risk management at such other industry luminaries as Balyasny Asset Management, SAC Capital Advisors and Caxton Associates.

News of Schachter's move was first reported by the Business Insider blog.

Woodbine was founded two years ago by Soros Fund Management veterans Joshua Berkowitz and Marcel Kasumovich and Permal Group's Richard Cordsen. It was the largest hedge fund launch of 2009, debuting with $2.5 billion.

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