Fund launches & closures

Moore lines up Stone Milliner macro spin-out

by

Louis Bacon
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 in Europe.

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