Joeri Jacobs is leading a group of Moore Capital traders who are spinning out from Louis Bacon’s global macro hedge fund firm to launch their own fund, JJJ Capital, with the backing of their former employer, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as conforming that Jacobs is set to start trading his new inflation-oriented strategy this month having secured $3bn, including $1bn from Moore Capital. Funding came from between 15 and 20 investors and according to Bloomberg’s sources. JJJ Capital wit be taking any additional cash from the next year.
Jacobs previously ran an inflation and fixed-income portfolio at Moore, and is working with former colleagues Roshan Patel, Lucca Norton and Haroon Sana at his new London fund.
