Moore Capital is taking innovative steps to woo top
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