# Greg Coffey

Greg Coffey is an Australian hedge fund manager based in London. Nicknamed "The Wizard of Oz" during his time at GLG Partners and Moore Capital Management, in 2012 he declared retirement at the age of 41 and returned to Sydney. 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 in 1995.

## Career

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 was then hired by Bank Austria to oversee global equity proprietary trading.
Coffey was then a trader at GLG Partners (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 A$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 of Moore Capital Management. 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 A$3.5 billion. The size of the new fund would be capped at A$2 billion and offices will be headquartered in London.

## Personal life

Coffey is married to Ania Brzezinski, and they reside in the Sydney suburb of Balmoral. They also own a ski chalet in Switzerland, a house in London's Chelsea, and, in 2022, acquired a 18-hectare (45-acre) estate in Southampton, New York for US$105 million; previously owned by Anne McDonnell, the first wife of Henry Ford II.
In November 2010, Coffey bought Ardfin Estate, a 4,900-hectare (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. 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 Rich List with an assessed net worth of £260 million. As of May 2023, the Financial Review assessed Coffey's net worth as A$989 million on the 2023 Rich List.
| Year | Financial Review Rich List | Financial Review Rich List | Forbes Australia's 50 Richest | Forbes Australia's 50 Richest |
| Year | Rank | Net worth (A$) | Rank | Net worth (US$) |
| 2008 | | $300 million | | |
| 2009 | | | | |
| 2010 | | $335 million | | |
| 2011 | | | | |
| 2012 | | $665 million | | |
| 2013 | | | | |
| 2014 | | | | |
| 2015 | | | | |
| 2016 | | | | |
| 2017 | | $482 million | | |
| 2018 | 177 | $486 million | | |
| 2019 | 192 | $491 million | | |
| 2020 | 164 | $655 million | | |
| 2021 | 170 | $668 million | | |
| 2022 | 154 | $862 million | | |
| 2023 | 144 | $989 million | | |
Legend :
* Description
* Has not changed from the previous year
* Has increased from the previous year
* Has decreased from the previous year