Paul Tudor Jones, Michael Novogratz and Louis Bacon, hedge-fund managers that profited last year from bets on macroeconomic trends, posted losses in the first quarter as some of those trades turned against them.
Martin Wheatley, who leads London’s top markets watchdog, says he wishes he could bike to and from his home in Greenwich, a borough along the Thames. He can’t because he’s lugging too much paperwork around.
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, faces eight insider-dealing charges over trades in companies including Barclays Plc and Volkswagen AG, making him one of the most-high profile suspects to face prosecution in a U.K. investigation.