Moore-Backed Macro Hedge Fund Stone Milliner to Shutter
- Fund has suffered poor performance and client withdrawals
- Firm was founded with $800 million from Moore Capital fund
Photographer: John Taggart/Bloomberg
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Stone Milliner Asset Management, the macro hedge fund started by former Moore Capital Management traders, is winding down following poor performance and client withdrawals, according to a person familiar with the matter.
The London-based firm told investors Tuesday that it would return capital in its flagship macro fund, said the person, who asked not to be identified because the matter is private. Stone Milliner oversaw about $3 billion as of the end of last month, compared with about $6 billion at its peak, said the person.