Hedge Funds

Loeb appoints Moore alum as new president, COO

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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