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Star trader Coffey quits Moore Capital

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Greg Coffey (pictured), one of the star traders of the UK hedge fund industry, is quitting Louis Bacon’s Moore Capital Management to return to his native Australia.

According to reports, the 41-year-old, who is reckoned to have accumulated an estimated GBP260 million during his career, is taking early retirement to spend more time with his wife and three young children.

Coffey, known as the Wizard of Oz in trading circles, informed investors of his decision by letter. He intends to liquidate the GC Moore Emerging Macro Fund by the end of the year.

Coffey is no stranger to making bold career choices having joined Moore Capital in 2008 after turning down a ‘golden handcuffs’ offer of GBP160m to stay with his then employer GLG Partners.

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