Thursday, 30 October 2014
Last updated 10 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.