A major new spin-out from Moore Capital's European operation is
in the works, with plans to launch a big global macro hedge
fund led by two of the US-based group's top portfolio managers
Jens-Peter Stein and Kornelius Klobucar, who are based in
Moore's Zurich office and head one of the most successful teams
on the Moore Macro Managers fund, are leading the spin-out,
which will be called Stone Milliner Asset Management.
It is understood that the rest of their team, which is based
in London, will also be joining the spin-out - which is
expected to go live next year and is likely to receive...