A fund manager at Moore Capital Management is departing the firm to join a hedge fund started by two of his former colleagues at UBS.
Bloomberg reported that Darren Read, who co-managed a hedge fund at Moore Capital with Greg Coffey, will join Al Breach and Charles Hill’s Gemsstock. Read’s new role at Gemsstock, which was incorporated in September, was not disclosed.
The article said that Read has been listed inactive on the U.K. Financial Conduct Authority since October 14.
Breach, a former Russia strategist at UBS, and Hill, the former head of trading at UBS’ joint venture in Russia, teamed up with UFG Asset Management’s Florian Fenner for the new venture.