Greg Coffey, a star hedge fund trader nicknamed the "Wizard of Oz," has led his firm to a 29% year-to-date return through the end of October, according to Bloomberg report citing an investor letter. Coffey's Kirkoswald Asset Management is handily outperforming the broader market, with the S&P 500 returning roughly 21% over the same period. The trader was mentored by hedge fund legend Louis Bacon, who is reportedly planning to return capital to outside investors at his firm Moore Capital Management. Visit the Business Insider homepage for more stories.