Greg Coffey is an

Australian Australian(s) may refer to: Australia * Australia, a country * Australians, citizens of the Commonwealth of Australia ** European Australians ** Anglo-Celtic Australians, Australians descended principally from British colonists ** Aboriginal Aus ...

hedge fund A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...

manager based in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

. Nicknamed "The Wizard of Oz" during his time at

GLG Partners ''Man GLG'' (formerly GLG Partners) is a discretionary investment manager and a wholly owned subsidiary of British alternative investment manager Man Group plc. It is a diversified and multi-strategy fund manager that operates strategies includ ...

and

Moore Capital Management Moore Capital Management, LP (MCM) is a global investment management firm headquartered in New York, New York.

, in 2012 he declared retirement at the age of 41 and returned to

Sydney Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Syd ...

. In early 2018, Coffey's plans to launch a new fund were announced.

Early life and education

Coffey attended St. Patrick's College, Strathfield, matriculating in 1988. Coffey graduated with a Bachelor of Economics from

Macquarie University Macquarie University ( ) is a Public university, public research university in Sydney, New South Wales, Australia. Founded in 1964 by the New South Wales Government, it was the third university to be established in the Sydney metropolitan area. ...

in 1995.

Career

Coffey joined

Macquarie Bank Macquarie Group Limited (), more commonly known as Macquarie Bank, is an Australian multinational investment banking and financial services group headquartered in Sydney and listed on the ASX (). Macquarie's investment banking division is Au ...

in 1993 and in 1994 traded emerging-market equity derivatives at

Bankers Trust Bankers Trust was a historic American banking organization. The bank merged with Alex. Brown & Sons in 1997 before being acquired by Deutsche Bank in 1999. Deutsche Bank sold the Trust and Custody division of Bankers Trust to State Street Corp ...

and

Deutsche Bank AG Deutsche Bank AG (, ) is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. Deutsche Bank was founded in ...

. Coffey was hired by Blueborder Partners, a

George Soros George Soros (born György Schwartz; August 12, 1930) is an American investor and philanthropist. , he has a net worth of US$7.2 billion, Note that this site is updated daily. having donated more than $32 billion to the Open Society Foundat ...

related hedge fund and was then hired by

Bank Austria UniCredit Bank Austria AG, branded and widely referred to as Bank Austria, is an Austrian bank, 99,9965% owned by Milan-based pan-European banking group UniCredit. Bank Austria was formed in 1991 by merger of Vienna's Länderbank and Zentralspa ...

to oversee global equity

proprietary trading Proprietary trading (also known as prop trading) occurs when a trader trades stocks, bonds, currencies, commodities, their derivatives, or other financial instruments with the firm's own money (instead of using customer funds) to make a profit ...

. Coffey was then a trader at

(GLG), and is estimated to have earned 170 million in 2007 after increasing by 51% the value of his emerging markets fund. In April 2008 he announced his departure from GLG, effective in October, and leaving behind his 200 million 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 became co-chief investment officer of Moore Europe Capital Management, a

subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

Moore Capital Management Moore Capital Management, LP (MCM) is a global investment management firm headquartered in New York, New York.

. In October 2012, at the age of 41, he announced his retirement. In December 2017, it was rumoured that Coffey would launch a new hedge fund. In February 2018, Kirkoswald Capital Partners was reported to have commitments from investors of 3.5

billion Billion is a word for a large number, and it has two distinct definitions: * 1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is now the most common sense of the word in all varieties of ...

. The size of the new fund would be capped at 2 billion and offices will be headquartered in

Personal life

Coffey is married to Ania Brzezinski, and they reside in the Sydney suburb of . They also own a ski chalet in Switzerland, a house in London's Chelsea, and, in 2022, acquired a estate in

Southampton, New York Southampton, officially the Town of Southampton, is a town in southeastern Suffolk County, New York, partly on the South Fork of Long Island. As of the 2020 U.S. census, the town had a population of 69,036. Southampton is included in the stre ...

for 105 million; previously owned by Anne McDonnell, the first wife of

Henry Ford II Henry Ford II (September 4, 1917 – September 29, 1987), commonly known as Hank the Deuce, was an American businessman in the automotive industry. He was the oldest son of Edsel Ford I and oldest grandson of Henry Ford. He served as president ...

. In November 2010, Coffey bought Ardfin Estate, a sporting estate on the island of Jura in

Scotland Scotland is a Countries of the United Kingdom, country that is part of the United Kingdom. It contains nearly one-third of the United Kingdom's land area, consisting of the northern part of the island of Great Britain and more than 790 adjac ...

. 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. Coffey constructed an 18-hole private golf course on the estate. The work was completed in 2018 and the course opened in spring 2019.

Net worth

In 2013, Coffey was listed on the ''

Sunday Times ''The Sunday Times'' is a British Sunday newspaper whose circulation makes it the largest in Britain's quality press market category. It was founded in 1821 as ''The New Observer''. It is published by Times Newspapers Ltd, a subsidiary of N ...

'' Rich List with an assessed

net worth Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Financial assets minus outstanding liabilities equal net financial assets, so net w ...

of 260 million. , the ''

Financial Review The ''Australian Financial Review'' (''AFR'') is an Australian compact daily newspaper with a focus on business, politics and economic affairs. The newspaper is based in Sydney, New South Wales, and has been published continuously since its foun ...

'' assessed Coffey's net worth as 1.24

on the 2025 Rich List.

Notes

* : Net worth drawn from the '' BRW'' Young Rich List

References

{{DEFAULTSORT:Coffey, Greg 1971 births Living people Australian hedge fund managers People from Sydney Australian expatriates in England