Darren Read, who helped run a hedge fund at Moore Capital Management LLC with Greg Coffey, is preparing to join a firm being started by two former UBS AG colleagues, two people with knowledge of the matter said.
Julian Rifat, a former trader at Moore Capital Management LLC, was charged with eight counts of insider trading at a London court today after a four-year investigation.
Moore Capital Management LP added shares of Johnson & Johnson and sold Apple Inc. in the second quarter, reflecting a switch among investment funds to stocks that are least-tied to economic growth.
Moore Capital Management LLC restructured its main emerging-markets hedge fund in a move that may improve the below-average returns posted by Greg Coffey since he took over as manager three years ago.
"Representatives of the FSA were at our London office to serve a search warrant for documents relating to an employee of Moore Europe working as an execution trader."
- Moore Capital on Mar 24, 2010
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