Ex-Moore Trader Leslie to Liquidate $1.6 Billion Hedge Fund
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James Caird Asset Management LP, the London-based firm run by former Moore Capital Management LLC trader Tim Leslie, plans to liquidate a $1.6 billion credit hedge fund after eight years following losses in 2011.
“I have been frustrated by our performance during the current year,” Leslie, 45, wrote today in a client letter, a copy of which was obtained by Bloomberg News. He plans to start returning money to investors in the JCAM Global Fund in January.