#3328
Louis Bacon
Overview
- Source of Wealth
- Hedge funds
- Industry
- Finance & Investments
- Residence
- Oyster Bay, New York
- Organization
- Founder at Moore Capital Management, LP
- Education
- Columbia Business School (Master of Business Administration)Middlebury College (Bachelor of Arts/Science)
- Marital Status
- Divorced
- Children
- 7
Biography
One of Wall Street's macro-trading legends, Louis Bacon cut his teeth as a commodities and currencies trader, earning big profits in the 1987 crash.
He created hedge fund Moore Capital in 1989 using trading profits and a small inheritance.
Bacon announced he was closing his hedge fund and returning outside investors' money in November 2019, citing years of "disappointing results."
Moore Capital still manages internal money and scored 70% returns in 2020 for Bacon and his employees.
About
Bacon's environmental preservation-focused Moore Charitable Trust was defrauded out of $25 million by jailed banker Andy Caspersen.