Greg Coffey Resigns
Keywords
| +20 | Future of L/S | 5 | 2d |
| +17 | Latest blow up / wind down | 25 | 2d |
| +12 | Looking for Fund to Partner With - LMM Activist | 3 | 4d |
| +11 | James Fishback | 6 | 4h |
| +10 | SM L/S Compensation? | 2 | 16h |
| +9 | MMHF Central Execution Trajectory/Advice | 1 | 23h |
| +9 | Moving from credit to equity? | 3 | 4d |
| +6 | How to prep for credit HF? | 4 | 19h |
| +3 | PE to L/S Equities | 5 | 9m |
| +3 | Chefs at Pod Shops | 2 | 2d |
Career Resources
What is your take on the future of macro as someone currently in the business? Certainly an uneasy time with Moore returning money and subpar returns compared to the glory days.
Flows into macro were too heavy following the crisis. The strategy is going through a rough patch but so is the majority of the investment industry. That will change in due time.
Poor recent performance or not, the guy is 41 years old and quitting the game with £430m in the bank.
this guy is a thief. he should be clawed back. if i were one of his investors i would pay someone to cut his hair and beat the living shit out of him. heads he wins, tails he wins. f that.
Seconded. He has 400MM in the bank with a life to date negative PnL...and people wonder why people think the industry is racked with fraud?
Did he really have an overall negative PnL? I thought he just underperformed most EM equities managers but still remained net positive overall. He also killed it during the Chinese bull market.
He wasn't macro, he was directional EM taking advantage of ramping illiquid situations on the one hand and furiously trading on the other. His position liquidation in 2008 after he left GLG killed frontier and small cap EM stocks in particular.
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