|Louis Bacon, founder of Moore Capital Management LLC, is rehiring Chris Levett following the closing of his commodity hedge fund, Clive Capital LLP. As reported by Bloomberg News, Chris Levett, who left Moore Capital Management to start Clive Capital LLP in 2007, will rejoin his former firm as a portfolio manager. |
At one time, Clive Capital was one of the largest commodity hedge funds in the industry; however, following three years of negative returns from 2011 through 2013, it lost the confidence of investors. Moore Capital Management has been on a hiring binge in Europe having added former Citigroup Inc. head of equities, Michael Pringle along with several traders from SAC Capital Advisors LP.
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