Greg Coffey | |
---|---|
Born |
Sydney, Australia |
25 April 1971
Alma mater | Macquarie University |
Occupation | Hedge fund manager |
Net worth | $734 million (Business Review Weekly) |
Greg Coffey is an Australian hedge fund manager based in London.
Coffey graduated with a Bachelor of Actuarial Studies from Macquarie University.
Coffey joined Macquarie Bank in 1993 and in 1994 traded emerging-market equity derivatives at Bankers Trust and Deutsche Bank AG. 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. In November 2008, Coffey left GLG to become co-chief investment officer of Moore Europe Capital Management, a subsidiary of Moore Capital Management.
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 Estate, a 12,000-acre sporting estate on the island of Jura in Scotland. 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. 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. However, plans have been unveiled for a new 18-hole private golf course on the estate