Sunday, 29 November 2015
Last updated 1 day 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 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…