Moore hires Schachter

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Louis Bacon's Moore Capital Management has created the new role of director of quantitative resources and named industry risk management specialist Barry Schachter to the post.

Schachter's new assignment puts him in charge of risk management, trade analysis and financial engineering; he will also serve as a resource to Moore's portfolio managers in analyzing strategies and markets. Schachter will be joining a team of about 10 Moore professionals who were already involved in the activities.

Schachter most recently ran risk management for Dmitry Balyasny's Balyasny Asset Management. Previously, he held the top risk management posts at Steve Cohen's