Greg Coffey

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Greg Coffey
Born (1971-04-25) 25 April 1971 (age 43)
Sydney, Australia
Alma mater Macquarie University
Occupation Hedge fund manager
Net worth Increase $743 million (Business Review Weekly)[1]

Greg Coffey is an Australian hedge fund manager based in London.

Early life and education[edit]

Coffey graduated with a Bachelor of Actuarial Science from Macquarie University.[2]

Career[edit]

Coffey joined Macquarie Bank in 1993 and in 1994 traded emerging-market equity derivatives at Bankers Trust and Deutsche Bank AG.[3] Coffey was hired by Blueborder Partners, a George Soros related hedge fund and hired by Bank Austria to oversee global equity proprietary trading.

Coffey had previously been a trader at GLG Partners (GLG), leaving behind his $200m GLG Partners compensation package. Industry sources estimated that Coffey had been responsible for two-thirds of GLG's performance fees during his time there.[4][5] In November 2008, Coffey left GLG to become co-chief investment officer of Moore Europe Capital Management, a subsidiary of Moore Capital Management. [6][7][8][9]

Personal life[edit]

Coffey is estimated to have earned £170m in the previous year after increasing by 51% the value of his emerging markets fund.[10]

In November 2010 Coffey bought Ardfin Estate, a 12,000-acre sporting estate on the island of Jura in Scotland.[11] The purchase attracted controversy and concern over Coffey's decision to close the estate's public gardens, whose 2,500 visitors a year formed a significant source of income for Jura.[12] In 2011, a spokesperson for Coffey said that his "full intention" was to re-open the gardens during 2012, but the gardens have remained closed.[13] However, plans have been unveiled for a new 18-hole private golf course on the estate [14]

References[edit]

  1. ^ "Youngest billionaire Nathan Tinkler leads the charge on the BRW rich list". Business Review Weekly (Sydney, Australia). 22 September 2011. Retrieved 22 Sep 2011. 
  2. ^ [1]
  3. ^ Walsh, Kate (27 April 2008). "Greg Coffey wizard of Oz". The Times (London). 
  4. ^ Molony, James (22 April 2008). "Greg Coffey to step down from UK hedge fund GLG Partners in October". Forbes. 
  5. ^ Sibun, Jonathan (6 August 2008). "GLG Partners posts 64pc less as star Greg Coffey eyes London". The Telegraph. 
  6. ^ "Star hedge fund manager Coffey joins Moore Capital". Reuters. 3 November 2008. 
  7. ^ "A Bright Spot in Tough Times". The New York Times. 4 November 2008. Retrieved 4 May 2010. 
  8. ^ FT.com / Financials - Coffey hedges to join Bacon
  9. ^ Greg Coffey hires spin doctors to handle PR
  10. ^ Bowers, Simon (3 October 2008). "Andrew Baker: Soft seller defends the 'spivs and speculators'". The Guardian (London). 
  11. ^ Wilson, Peter (16 April 2011). "Aussie stars shine in funds revival". The Australian. 
  12. ^ Cowing, Emma (15 May 2011). "Everything in Jura's garden far from rosy". The Scotsman (Edinburgh). 
  13. ^ [2] Will Jura now see more of the Wizard of Oz ?
  14. ^ http://www.golfcoursearchitecture.net/Article/New-course-plan-for-Scottish-island/2520/Default.aspx