Fund manager Coffey to retire

City A.M. Reporter
GREG Coffey, who spent decades investing money at some of the world’s biggest and best-known hedge funds, is understood to be leaving Moore Capital and plans to retire from the industry.

The 41-year-old Australian, who oversaw several portfolios at the $15bn (£9.2bn) firm from London, told investors by letter that the demands of his job were colliding with his desire to spend more time with his wife and children.

Coffey produced an annualised 22 per cent since 2004.