Greg Coffey’s Hedge Fund is Up 29%

November 25, 2019 | Fund Updates, Hedge Funds, Investments, News

They call him the “Wizard of Oz”… because he’s Australian… get it?

Greg Coffey retired at the age of 41 after time at GLG Partners and Moore Capital Management and returned to Sydney, Australia. He had amassed a personal fortune of $665 million. He’d been known for demanding that coffee be delivered every day at the same time (even if he wasn’t in). He would go on to buy real estate across Australia.

But six years later, he announced plans to start a new fund.

Now, with 2019 winding down, he’s celebrating success. Coffey’s Kirkoswald Asset Management was up 29% through the end of October.

That figure easily outpaces the 21% return for the S&P 500 over the same period. Coffey’s macro fund has succeeded in a difficult time for the broader market. According to Bloomberg, Coffey’s fund is generating five times the average return of his competitions.

Greg Coffey and His Big Return

Greg Coffey studied the markets under Louis Bacon, who just announced plans to shutter Moore Capital Management. He also spent time at GLG Partners running emerging markets funds. Bacon had described Coffey as “the most impressive trader” he had ever seen.

Coffey returned from a long hiatus last year. He raised about $1 billion to launch Kirkoswald Asset Management in April 2018.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.

Alt Insights

January 16, 2020

ESG: Lately-turned Tesla Bull Jim Cramer Adds Fink To The Mix

ESG: Lately-turned Tesla Bull Jim Cramer Adds Fink To The Mix

Latest Alternative Investment News

Act Analytics Launches New ESG Portfolio Analytics Platform
January 27, 2020     ESG and Sustainability, News

Act Analytics announced the launch of a new Environmental, Social and Governance (ESG) portfolio analytics platform. The new platform allows RIAs to compare, contrast, and construct customized ESG portfolios. The…

Digital Assets: Covantis, a Blockchain-based Agri-business Platform, Ties With ConsenSys
January 27, 2020     Digital Assets, News

Covantis is a blockchain-focused project backed by multinational agri-business companies Cargill, Archer Daniels Midland Company, Bunge and Louis Dreyfus Company. Launched in 2018, the project aims to digitize the firms’…

Bank Technology: The Driver of M&A Over the Next 10 Years?

Will 2020 be the year that we see the tipping point in bank technology? Attendees at the Bank Director Magazine Conference in Phoenix think so. The sentiment is that banks in 2030…

Bank Director Magazine Conference: Fintech, Cybersecurity and Other Worries for 2020

Tim Melvin is attending the conference in Phoenix this week. At the top of the list is competition form fintech firms and big tech companies. Millennials are more focused on…