Moore Capital Vet To Close Bramshott Hedge Fund

Jan 12 2015 | 10:48am ET

Former Moore Capital Management portfolio manager Paul Findley is reportedly pulling the plug on the hedge fund he spun out of that firm in 2011.

Bramshott Capital, a European long/short fund, is shutting down, sources familiar with the matter told Reuters, apparently due to declining performance—the fund returned only 1% in 2014, compared to 15.5% in 2013.

The fund managed about $425 million in October last year, according to a letter to investors.

Findley joined Moore from Threadneedle Asset Management. Sarah-Jane Urry, also from Threadneedle, is head of investor relations at Bramshott while Rupert Mahon of Stanhope Capital is chief operating officer and Paul Robbins of Lansdowne Partners is chief risk analyst.

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