We do not know how long former GLG Partners star trader (and former Moore Capital Management most-impressive-but-somewhat-less-than-star-trader) Greg Coffey’s lease in Belgravia runs for. All we know is that he’s got 3,000 square feet on Sloane Street ready to welcome his return to the hedge fund industry after five years’ exile on his native former prison colony. If, however, the lease extends much beyond a few years, we suspect that the easily-bored Coffey may yet have a future in commercial real-estate rentals.
Coffey is expected to launch his latest venture alongside James Saltissi, a former colleague from his days at GLG Partners who now works at investment firm Abbeville Partners, according to people familiar with the plans. Prime brokers have been appointed.
He left GLG in 2008 to start his own hedge fund but shelved the plans months later to join Moore Capital…. Coffey departed Moore after four years amid reports his performance had failed to live up to the returns he generated at GLG….