Tuesday, 5 May 2015
Last updated 3 hours ago
Sep 13 2012 | 7:56am ET
Moore Capital Management has parted ways with as many as 15 investment professionals as part of a restructuring.
The New York-based hedge fund, which announced plans to return $2 billion to investors last month due to a lack of investment opportunities, has been restructuring its equity teams. Firm founder Louis Bacon hired his brother, Zack, in February to lead strategic planning at the firm.
That effort has led to the loss of 10 to 15 investment positions, Bloomberg News reports. The layoffs came on Tuesday.
In March, Moore said it had 208 members on its investment team.
Moore's Global Investments Fund is up just 0.8% this year.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…