Former GLG star macro and emerging markets trader Greg Coffey has resigned from Moore Capital – in a move that has not come as any great surprise or shock to many people in the London-based hedge fund community – and will retire from the investment industry.
Sources close to the former GLG manager said that 20 years in the industry, trading intensively across global markets often in different time-zones, had taken their toll on Coffey.
Despite achieving a 9% gain in September on the main portfolio that he ran at Moore, a friend said that he was no longer feeling the satisfaction he once did. He is now understood to be keen to spend more time with his family and in his native Australia.
Relatively lacklustre performance over recent months is thought to have seen investor outflows from Moore – with assets in the GC Moore and Moore emerging...