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Moore Capital Said to Hire Morgan Stanley Credit Trader Wainer

Moore Capital Management LP, the $12.1 billion hedge-fund firm founded by Louis Bacon, hired Morgan Stanley (MS) credit trader Anthony Wainer, two people with knowledge of the matter said.

Wainer was head of high-yield credit trading for Europe, the Middle East and Africa at Morgan Stanley, said one of the people, who asked not to be identified because his departure isn’t public. At Moore, he will join former colleague Patrick Lynch, who had been Morgan Stanley’s head of European credit sales and trading before resigning in January 2012.

Credit traders are leaving as banks curtail risk-taking in the face of higher global capital requirements. Among those to move this year are Simon Gee of Goldman Sachs Group Inc. (GS) and Sid Gowda from Credit Suisse Group AG, both of whom are in the process of joining BlueCrest Capital Management LLP, a $36 billion hedge-fund firm.

Wainer, who is based in London, didn’t answer a phone call to his office at Morgan Stanley and an e-mail seeking comment. Tom Walton, a spokesman for the New York-based bank, declined to comment on Wainer’s departure and Moore spokeswoman Amanda Pierce of Burson-Marsteller had no immediate comment.

Moore manages $12.1 billion and is known as a macro hedge fund that makes bets on currencies, stocks, interest rates and bonds based on global macroeconomic trends. The New York-based firm’s Moore Macro Managers fund gained 10.9 percent this year through June 20, boosted by a wager that Japanese stocks would rise and the yen would fall as policy makers in the country championed economic stimulus, according to an investor.

Photographer: Simon Dawson/Bloomberg

The building housing Moore Capital Management LLC's, offices stand in London. Close

The building housing Moore Capital Management LLC's, offices stand in London.

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Photographer: Simon Dawson/Bloomberg

The building housing Moore Capital Management LLC's, offices stand in London.

To contact the reporters on this story: Patricia Kuo in London at pkuo2@bloomberg.net; Jesse Westbrook in London at jwestbrook1@bloomberg.net

To contact the editors responsible for this story: Edward Evans at eevans3@bloomberg.net; Faris Khan at fkhan33@bloomberg.net

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