U.S. firm Moore Capital is launching a new hedge fund by 2012, Financial Times reports. Stone Milliner Asset Management will have about $1 billion assets under management, making it one of the biggest fund launches since the collapse of Lehman Brothers Holdings.
Moore Capital fund managers Jens-Peter Stein and Kornelius Klobucar are to be joined at the venture by Morgan Stanley’s Christopher Nicoll, co-head of foreign exchange at the bank’s London operation, and Peter Murray. Moore Capital will provide a “significant” seed investment to Stone Milliner.
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