Moore Capital Management LP, the hedge-fund firm run by Louis Moore Bacon, sold its stake in American International Group Inc. as it added to its holding of Citigroup Inc. and bought shares of Morgan Stanley in the first quarter.
Clive Capital LLP paid its top- earning partner $33.5 million in the 12 months through February as the commodity hedge-fund firm managed by Chris Levett posted losses for clients for a second straight year.
Moore Capital Management LP and Maverick Capital Management LP bought Citigroup Inc. shares as the bank’s board grew dissatisfied with Chief Executive Officer Vikram Pandit’s performance, eventually ousting him.
Billionaire investors George Soros and Louis Moore Bacon cut their stakes in exchange-traded products backed by gold last quarter as futures dropped the most in more than eight years. John Paulson maintained his holding.