Tuesday, 13 October 2015
Last updated 15 hours ago
Dec 13 2007 | 1:37pm ET
For the second time in as many years, Manos Vourkoutiotis’ team is out of work. Moore Capital Management announced today that it would be shuttering the Toronto office run by Vourkoutiotis, cutting 15 jobs.
The $13 billion New York-based hedge fund hired Vourkoutiotis and his team of traders from Amaranth Advisors when that firm collapsed amid bad energy bets last summer. Last month, the group posted a 15% decline. In a statement, Moore said the team “did not meet the risk-reward parameters that have guided Moore since inception.”
The Toronto team traded Canadian distressed debt, convertible bonds and equities. Moore said it is not giving up on the Canadian market, just the Canadian team.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…