Greg Coffey
Encyclopedia
Greg Coffey is an Australian hedge fund
Hedge fund
A hedge fund is a private pool of capital actively managed by an investment adviser. Hedge funds are only open for investment to a limited number of accredited or qualified investors who meet criteria set by regulators. These investors can be institutions, such as pension funds, university...

 manager based in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

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Early life and education

Coffey graduated in actuarial studies from Macquarie University
Macquarie University
Macquarie University is an Australian public teaching and research university located in Sydney, with its main campus situated in Macquarie Park. Founded in 1964 by the New South Wales Government, it was the third university to be established in the metropolitan area of Sydney...

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Career

Coffey joined Macquarie Bank in 1993 and in 1994 traded emerging-market equity derivatives at Bankers Trust
Bankers Trust
Bankers Trust was an historic American banking organization. The bank merged with Alex. Brown & Sons before being acquired by Deutsche Bank in 1998.-History:A consortium of banks created Bankers Trust to perform trust company services for their clients....

 and Deutsche Bank AG. Coffey was hired by Blueborder Partners, a George Soros
George Soros
George Soros is a Hungarian-American business magnate, investor, philosopher, and philanthropist. He is the chairman of Soros Fund Management. Soros supports progressive-liberal causes...

 related hedge fund and hired by Bank Austria
Bank Austria
UniCredit Bank Austria AG is a Central and Eastern European bank, 96.35% owned by UniCredit Group.BA-CA's history goes as far back as 1855, the year the Creditanstalt was founded. In 1991, Zentralsparkasse und Kommerzialbank and Oesterreichische Laenderbank merged to form Bank Austria. In 1997,...

 to oversee global equity proprietary trading.

Coffey was a widely acclaimed trader at GLG Partners
GLG Partners
GLG Partners, Inc. is an American global hedge fund sponsor that, as of 14th October 2010, is a wholly owned subsidiary of British alternative investment manager Man plc...

 (GLG) who then announced his plan to leave behind his $200m GLG Partners compensation package for other endeavors. Industry sources estimated that Coffey was responsible for two-thirds of GLG's performance fees during his time there. In November 2008, Coffey left GLG to become co-chief investment officer of Moore Europe Capital Management, a subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...

 of Moore Capital Management
Moore Capital Management
Moore Capital Management LLC is an American hedge fund sponsor-owned by its employees. It was founded in 1989 by Louis Bacon. and in 2011 Moore Capital Management's largest funds were the $7.4 billion Moore Global Investment Fund, and the $4.6 billion Moore Macro Managers Fund.-Description:MCM was...

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Personal life

Coffey is estimated to have earned £170m in the previous year after increasing by 51% the value of his emerging markets fund.

In November 2010 Coffey bought Ardfin, a 12,000-acre sporting estate on the island of Jura
Jura, Scotland
Jura is an island in the Inner Hebrides of Scotland, situated adjacent and to the north-east of Islay. Part of the island is designated as a National Scenic Area. Until the twentieth century Jura was dominated - and most of it was eventually owned - by the Campbell clan of Inveraray Castle on Loch...

 in Scotland
Scotland
Scotland is a country that is part of the United Kingdom. Occupying the northern third of the island of Great Britain, it shares a border with England to the south and is bounded by the North Sea to the east, the Atlantic Ocean to the north and west, and the North Channel and Irish Sea to the...

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