Bacon's recipe for talent

Tue Apr 1, 2003

Moore Capital is taking innovative steps to woo top traders

When you have a successful technology hedge fund running $1 billion of assets and you made 9%-10% in the treacherous markets of 2002, what do you do? Continue running the hugely profitable operation? Or wind it up and go back to work for your previous employer?

No contest for Tony Anagnostakis. Having left Moore Capital to start his own fund, Agnos Group, he decided that running his own show wasn't that much fun after all. Although he was one of the few technology managers to make any money last year, he handed back the assets to investors and intends to rejoin Moore Capital after a short sabbatical - probably to run his own fund with Moore Capital's backing.

He is not alone. Across the hedge fund industry, other managers who were tempted to strike out on their own have decided...

ISSN: 2151-1845 / CDC10004H

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