Moore Capital makes much more

Michael Bow
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Bacon founded Moore in 1989 after leaving Lehman
MOORE CAPITAL, the hedge fund founded by US investor Louis Bacon, bolstered profits at its British arm last year, fresh accounts show.

The US group, which has its UK headquarters in Mayfair and trades as Moore Europe Capital Development, reported profits of £36.4m for the year ending 31 December 2013, up from £32.2m. Turnover jumped to £140.2m from £95m due to a rise in advisory fees.

Moore hired nine new traders from SAC Capital Advisors earlier this year, after SAC’s London office closed.