Coffey in Talks to Buy EMSO, Create $13 Billion Hedge Fund Firm

Greg Coffey is in talks to acquire Emso Asset Management to create a money manager with $13 billion in combined assets as the macro trader diversifies his hedge fund firm.

Discussions are at an advanced stage between Coffey’s Kirkoswald Asset Management and emerging markets-focused EMSO, which manages $5 billion, according to people with knowledge of the matter. The transaction would see EMSO founder Mark Franklin and his team move over to Kirkoswald, the people said, asking not to be identified because the details are private.

Representatives for EMSO and Kirkoswald, which oversees $8 billion, declined to comment.

Greg Coffey

Photographer: Ian MacNicol/Getty Images

If Kirkoswald ...