Moore's Stein, Klobucar To Launch Own Hedge Fund

Oct 5 2011 | 1:52pm ET

Two top Moore Capital Management traders are readying their own global macro hedge fund for launch early next year.

Stone Milliner Asset Management will debut in the first quarter with about US$1 billion in assets under management. The firm is the brainchild of Moore traders Jens-Peter Stein and Kornelius Klobucar, and will be backed by Moore.

Moore will provide seed funding for the new London-based shop, which will include Stein's and Klobucar's London-based team; Stein and Klobucar are based in Switzerland. According to the published reports, Moore hopes to maintain a relationship with the two traders, who joined the firm in 2006, similar to that of another spin-off, James Caird Asset Management.

The two men will continue to manage money for Moore's Macro Managers fund until Stone Milliner's launch.

Among the members of Stone Milliner's London team are Christopher Nicoll, the former co-head of foreign exchange at Morgan Stanley who joined Moore with Stein and Klobucar in 2006. The firm has also hired RAB Capital's Adam Grant as CFO and former Morgan Stanley directors Peter Murray and Paul Kimball, as well as a full-time chief operating officer.

Stone Milliner is currently awaiting approval from the U.K. Financial Services Authority.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…