Louis Bacon’s Moore Capital Management hedge fund firm, view company overview, has
signed the former Morgan Stanley credit trader Anthony Wainer, according to
Bloomberg business week.
The $12.1 billion hedge-fund firm will now benefit from
Wainer’s experience as the head of high-yield credit trading for Europe, the
Middle East and Africa within Morgan Stanley.
Wainer will now join his former Morgan Stanley colleague Patrick
Lynch, former head of European credit sales and trading at the company, at
Moore Capital.
Moore Capital Management specialises in macro hedge fund
management which means that it hedges funds against the performances of
currencies, stocks, interest rates and bonds from around the world according to
its predicted trends.
The firm operates from its New York base and has gained an
impressive 10.9 over the last six months alone after successfully predicting
that Japanese stocks would gain in value while the yen currency would decrease
after the Japanese government announced measures to stimulate growth in the
country’s economy.
Bacon built the company, which takes his middle name as its
moniker, from scratch in 1989 using $25,000 he inherited from his family.
The firm is now one of the leaders in its market and,
despite the global downturn in the worldwide economies several years ago it
continues to show solid growth.
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