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Revision as of 07:58, 20 October 2008
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Greg Coffey (1971 - ), an Australian London-based hedge fund manager and one of the best remunerated financiers in the world, made international news in April, 2008, when he spoke of relinquishing his £160,000,000 "golden handcuffs' share and bonus deal with GLG Partners to create his own hedge fund. Shares in GLG plunged at the news.
Married with two children, Coffey is famous in the financial community for being regarded as a "heart-throb" and for preferring jeans and leather jackets to suits. Graduating in actuarial studies from Sydney's Macquarie University, he traded emerging-market equity derivatives in 1994 at Bankers Trust, which was swallowed in 1999 by Deutsche Bank AG. Coffey was then made a partner in a George Soros-backed hedge fund and was hired by Bank Austria to oversee global equity proprietary trading.
It was widely reported that Coffey earns up to £76million a year, inclusive of shares and bonuses.
Coffey was supposed to be the financial guru behind the speculative attack launched against the biggest Hungarian commercial bank OTP Bank Nyrt. in early October 2008.
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