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Former Fed Chief Dealer Launches Macro Firm
Profit & Loss understands that Niall Coffey has formed Avoca Global Advisors, a new global macro firm out of Westport CT. Sources familiar with the matter say that Coffey will seek to launch a hedge fund later this year. Coffey was chief dealer in the Federal Reserve Bank of New York's foreign exchange department during the global financial crisis, with responsibility for US currency related trading operations and advising senior Federal Reserve and US Treasury officials on international market developments.

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