Moore Capital Portfolio Manager Who (Allegedly!) Trashed A Hamptons House With Midgets Not A Moore Cap PM Anymore

Brett Barna capped off his weekend with a firing.
Author:
Updated:
Original:
Not happy! (Louis Bacon/Getty Images)

Not happy! (Louis Bacon/Getty Images)

Moore Capital founder Louis Bacon is apparently not down with his employees allegedly renting $20 million Hamptons houses and proceeding to destroy them under the guise of raising animal awareness. If that's not spelled out in the company handbook it will be in future editions.

"Mr. [Brett] Barna's personal judgment was inconsistent with the firm's values," the company told CNBC in a statement. "He is no longer employed by Moore Capital Management." News reports cited a raucous party that Barna threw over the weekend at a $20 million mansion in the Hamptons, the summer playground of New York City's wealthy. The party featured showers of Champagne, throngs of young people milling around the house and dwarfs with Champagne guns.

Hedge funder fired over wild Hamptons party [CNBC]

Earlier: If This Hedge Fund PM’s Gotta Trash A $20 Million Hamptons House With Some Gun-Toting Midgets To Raise Awareness For Animals, Then That’s (Allegedly!) What He’s Gonna Do

Related

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]