- Shutetrstock/Engel Ching
- Greg Coffey, a star hedge fund manager who retired from the industry in 2012, is eyeing a comeback, according to people familiar with the matter.
- The founder of Moore Capital, Louis Bacon, once described him as “the most impressive trader I’ve ever seen.”
- The situation is fluid, according to some of the people, and Coffey’s plans could change.
Greg Coffey, a star hedge fund manager who bowed out of the industry in 2012, is said to be eyeing a comeback.
Coffey is considering launching a new fund with James Saltissi, people familiar with the matter told Business Insider. The fund could launch as soon as March, some of the people said.
The situation is fluid and could change, the people said, asking not to be identified discussing private matters.
Andrew Honnor, a spokesman for Coffey at PR firm Greenbrook, declined to comment.
Coffey retired from the industry in 2012 at the age of 41, saying at the time that he intended to spend more time with family in his native Australia. He previously worked at GLG Partners and Moore Capital, where he ran two emerging markets funds.
He later backed Saltissi’s fund, Abbeville Partners, named after an area in London where Saltissi and Coffey used to live.
The founder of Moore Capital, Louis Bacon, once described Coffey as “the most impressive trader I’ve ever seen”, according to a Financial News report from 2012. He specialized in big macro bets, and earned the nickname the “Wizard of Oz.”
Still, his investment performance at Moore “failed to live up to the stellar returns he delivered at rival manager GLG Partners, where he built his reputation and earned himself hundreds of millions of dollars by outperforming both the markets and other hedge funds in the heady bull market of 2005 to 2007,” the report said.
This story is developing.