Moore Capital Co-CIO Retiring Because Trading Just Doesn’t Get Him Jacked Up Like It Used To

Time was, making hundreds of millions of dollars one minute and losing hundreds of millions the next got Greg Coffey’s blood pumping. Now? Eh. Who cares? What’s the point?

Greg Coffey, co-chief investment officer of Moore Capital Management LLC’s European business, is leaving the hedge-fund industry after a 20-year trading career, according to a letter sent to investors…Assets in Coffey’s macro fund have slumped to about $100 million from as much as $1.6 billion in 2010. The fund had fallen about 10 percent this year through August before rebounding almost 9 percent last month, according to people with knowledge of the matter, who asked not to be named because the information is private. The fund lost 5 percent last year. Coffey realized that after he had recovered most of this year’s losses in one week in September, he wasn’t as excited about his gains as he might have been in the past, two people who know him said. Coffey then decided it was time to end his 20-year career trading, the people said.

Moore Capital’s Coffey to Retire From Hedge-Fund Industry [Bloomberg]

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21 Responses to “Moore Capital Co-CIO Retiring Because Trading Just Doesn’t Get Him Jacked Up Like It Used To”

  1. yabba dabba says:

    Vikram called and said he thought freedom was just another for nothing left to lose. As one hedge fund genius to another Greg realized the tenderness in thar statement and decuded ti go sing his iwn tune too

  2. Dumbass says:

    "Hey! You gotta have deep pockets."

    -Guy Starting His First Year of a 20 Year Trading Career

  3. IgnorantBastards says:

    i love the guys that made money in 2006 and lost in 2008 just before quitting abruptly. true skills

    • Guest says:

      Valid point, but GC is not one of those guys. Knew him back in BT days In the 90s and he made money even back then. Losing money sucks, and if you already have a few hundred million, I can see why you'd prefer just not to have the aggro.

      • 10 mil liquid says:

        "if you already have a few hundred million"

        that is kinda the hard part though uh ??

        your "number" goes down proportionately to age and proxim to London and NY

  4. Aging Fat Guy says:

    I bet "retiring" is the loophole that allows him to be paid for his 10-20% ownership of Moore. If he just quit, he'd lose that. So he will snorkel on the Great Barrier Rief for two years, collect the dough, and then come out of retirement. That's why retiring is the NKI, if you can do it like this… otherwise it is NSI.

  5. Guest says:

    Greg will focus on opening a new barber shop with his twin brother, Edward Scissor Hands.

  6. Bored Guest says:

    Fordham's football field was named after Jack Coffey. Never sure how they let that happen.

  7. Guest says:

    Wait a minute, I thought Richard Gere killed that guy with a snow globe

  8. YourTeenager says:


  9. Guest says:

    Voldemort really let himself go…

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