Moore Capital Plans Credit Fund Spin-Off

Feb 11 2008 | 9:59am ET

Moore Capital Management is spinning off its fixed-income hedge fund, which plans to grow as large as US$3 billion after a new fundraising effort.

James Caird Asset Management is set to launch in the second quarter.

The new London-based firm will take Moore Capital’s Credit fund and 30 employees, led by fund manager Tim Leslie, with it. London-based Moore will have a stake in the new company, with which it hopes to have a “symbiotic relationship,” it said.

At launch, the firm expects to manage US$2.5 billion, the Financial Times reports, though that figure could reach US$3 billion.

Moore told the FT that the decision to spin off the credit fund was the result of its size, making it sensible to have a dedicated risk management and operation system for it.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...