Hedge Funds

Loeb appoints Moore alum as new president, COO


Corporate activist Dan Loeb has named James Kelly to the new role of president and chief operating officer of Third Point Capital.

Kelly, a former Moore Capital executive, will focus on business development, operations and risk management, and client services. He will also oversee the day-to-day operations for the $4 billion event-driven firm, which is based in New York.

Kelly joined Moore Capital in 1989, serving as its first president. In 1994, he founded International Fund Services, a hedge fund administration firm which was purchased by State Street Bank in 2002