Greg Coffey

Greg Coffey
Born 25 April 1971
Sydney, Australia
Alma mater Macquarie University
Occupation Hedge fund manager
Net worth Increase $743 million (Business Review Weekly)[1]

Greg Coffey is an Australian hedge fund manager based in London.

Early life and education

Coffey graduated with a Bachelor of Actuarial Science from Macquarie University.[2]

Career

Coffey joined Macquarie Bank in 1993 and in 1994 traded emerging-market equity derivatives at Bankers Trust and Deutsche Bank AG.[3] Coffey was hired by Blueborder Partners, a George Soros related hedge fund and hired by Bank Austria to oversee global equity proprietary trading.

Coffey had previously been a trader at GLG Partners (GLG), leaving behind his $200m GLG Partners compensation package. Industry sources estimated that Coffey had been responsible for two-thirds of GLG's performance fees during his time there.[4][5] In November 2008, Coffey left GLG to become co-chief investment officer of Moore Europe Capital Management, a subsidiary of Moore Capital Management. [6][7][8][9]

Personal life

Coffey is estimated to have earned £170m in the previous year after increasing by 51% the value of his emerging markets fund.[10]

In November 2010 Coffey bought Ardfin Estate, a 12,000-acre sporting estate on the island of Jura in Scotland.[11] The purchase attracted controversy and concern over Coffey's decision to close the estate's public gardens, whose 2,500 visitors a year formed a significant source of income for Jura.[12] In 2011, a spokesperson for Coffey said that his "full intention" was to re-open the gardens during 2012, but the gardens have remained closed.[13] However, plans have been unveiled for a new 18-hole private golf course on the estate [14]

References

  1. "Youngest billionaire Nathan Tinkler leads the charge on the BRW rich list". Business Review Weekly (Sydney, Australia). 22 September 2011. Retrieved 22 Sep 2011.
  2. Walsh, Kate (27 April 2008). "Greg Coffey wizard of Oz". The Times (London).
  3. Molony, James (22 April 2008). "Greg Coffey to step down from UK hedge fund GLG Partners in October". Forbes.
  4. Sibun, Jonathan (6 August 2008). "GLG Partners posts 64pc less as star Greg Coffey eyes London". The Telegraph.
  5. "Star hedge fund manager Coffey joins Moore Capital". Reuters. 3 November 2008.
  6. "A Bright Spot in Tough Times". The New York Times. 4 November 2008. Retrieved 4 May 2010.
  7. FT.com / Financials - Coffey hedges to join Bacon
  8. Greg Coffey hires spin doctors to handle PR
  9. Bowers, Simon (3 October 2008). "Andrew Baker: Soft seller defends the 'spivs and speculators'". The Guardian (London).
  10. Wilson, Peter (16 April 2011). "Aussie stars shine in funds revival". The Australian.
  11. Cowing, Emma (15 May 2011). "Everything in Jura's garden far from rosy". The Scotsman (Edinburgh).
  12. Will Jura now see more of the Wizard of Oz ?
  13. http://www.golfcoursearchitecture.net/Article/New-course-plan-for-Scottish-island/2520/Default.aspx