Bloomberg – Moore Capital Management LLC, the New York firm founded by Louis Moore Bacon, invested $800 million in a hedge fund begun last year by two of its former traders, according to two people with knowledge of the matter.
The investment allowed Stone Milliner Asset Management AG founders Jens-Peter Stein and Kornelius Klobucar to start trading last month with more than $1 billion, said the people, who asked not to be named because the firms are private. Moore’s assets are in a managed account, the people said.
