Paul Findley, who built an impressive track record at Threadneedle before joining Moore Capital last year, is set to spin out again during the first quarter of next year according to various sources.
Findley has been running a separate strategy, dubbed PF Moore, for the past year. This deployed capital mostly allocated by Moore, with about $60 million of external capital. His performance is said to have been flat this year. Findley had previously produced a tremendous annual compound of around 15% with the Threadneedle UK Crescendo long/short equity fund from 2001 through mid-2008.
Sources suggest that the