Montenegro anuncia redução de IRS nas rendas, isenção de mais-valias e maior dedução à coleta

[michael]

É lixado.

[Pata-Hari]

The team of Canadian traders picked up last year by Moore Capital after the spectacular collapse of hedge fund Amaranth have been given the boot for poor performance. They were based in Toronto.

Moore announced that it is closing down the office in a statement obtained by HedgeWorld. Approximately 15 people were laid off on Dec. 12, said a person familiar with Moore's operations. In plain language, the traders did not make money on the books they managed.

Louis Bacon runs Moore Capital, a New York-based hedge fund with more than $13 billion in assets. Following Amaranth's September 2006 meltdown, Moore created Moore Canada, a new unit based in Toronto. Manos Vourkoutiotis, a former top executive and trader at Amaranth, was named to head up the new unit. A team of several senior traders joined Mr. Vourkoutiotis, nine of whom were from Amaranth Advisors Canada

Moore Canada was not running a separate fund, and the team had no direct outside investors. Rather, its traders managed capital on behalf of two other Moore funds: the Moore Capital Global Investments flagship fund and the Moore Global Fixed-Income Fund.

"We have closed the Toronto office as the team there did not meet the risk-reward parameters that have guided Moore since inception and that our investors have to come to expect," according to a statement from the firm.

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