malaise

  • News

    Art Dealer’s Husband Thinks ECB QE Would Be Terrible

    Remember Philipp Hildebrand? ‘Bout yea high? Firecracker of a wife? Had to step down as head of the Swiss National Bank because in between hedge-fund managing and art-dealing, said firecracker couldn’t resist the franc-dollar spread that her husband was helping create? Well, Phil’s clearly itching to do some central banking again. And since he’s not […]

    / Aug 19, 2014 at 11:40 AM
  • News

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

    Make millions, lose millions, who cares, what’s the point of it all?

    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]

    / Oct 17, 2012 at 6:01 PM
  • nosoupforyou

    News

    Bonus Watch ’12: Nightmare On Wall Street

    At Bloomberg today you will find a piece that is a bit hard to stomach if you’re the type of person whose heart goes out to the suffering. A bunch of financial services employees’ bonuses were slashed last year and, as a result, their lives have been turned upside down. Perhaps recalling how well their […]

    / Feb 29, 2012 at 11:31 AM
  • Communiqués, News

    Market Tumult Sucking The Fun Out Of Hedge Fund Letter Writing These Days

    The uncertainty about the world that Mr Druckenmiller has conveyed in many private conversations over the past few weeks finds similar expression in the quarterly letters that other hedge fund managers have sent out to their investors. The letters from Greenlight’s David Einhorn are usually scoured by investors for prescient market themes. But in his […]

    / Aug 19, 2010 at 2:00 PM

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