Louis Bacon
$1.0B
Born
Jul 25, 1956
Age
69
Source of Wealth
Hedge funds
Residence
Oyster Bay, New York
Citizenship
United States
Marital Status
Divorced
Children
7
Education
Master of Business Administration, Columbia Business School; Bachelor of Arts/Science, Middlebury College
- 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.
- Bacon's environmental preservation-focused Moore Charitable Trust was defrauded out of $25 million by jailed banker Andy Caspersen.
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