Moore Is Said to Cut About 30 Jobs in New York, London
Moore Capital Management, the hedge-fund firm that oversees $13.4 billion, has cut about 30 jobs, according to a person with knowledge of the matter.
The firm founded by billionaire Louis Bacon reduced staff numbers in London and New York, the person said, asking not to be identified because the matter is private. Moore’s fund lost 2 percent this year through June 22 after gaining 5 percent in 2016, according to an investor document.
“Like many firms in our industry, Moore Capital Management has taken steps to respond to the current trading environment, including making the difficult decision to re-examine our staffing levels,” the company said in an emailed statement.