Bacon toasts sizzling year in Europe

Profits at European arm of Louis Bacon's $15bn hedge fund manager last year hit highest level since 2009

The departure of star fund manager Greg Coffey from Moore Capital Management in late 2012 did not prevent profits at the hedge fund manager's European arm from surging last year to their highest level since 2009.

Profits at UK limited liability partnership Moore Europe Capital Management, which is based on Curzon Street in Mayfair, climbed 13% to £36.4 million last year from £32.2 million in 2012, according to newly-filed accounts at Companies House.

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