Louis Bacon Life story
Louis Moore Bacon is an American investor, hedge fund manager, and philanthropist. He is the founder and chief executive of Moore Capital Management. Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400 as of February 2017.
Early Life of Louis Bacon
Louis moore bacon was born on october in raleigh. North carolina. He was the son of a tobacco farm owner and attended st. Paul s school in new hampshire. Where he developed an interest in financial markets. After graduating from college. Bacon worked as a commodities trader at commodities firm shearson hayden stone.
Career of Louis Bacon
Bacon began his career in the early 1980s. Trading commodities in the new york cotton exchnage. He founded moore capital management in 1989 and quickly established himself as one of the most successful hedge fund managers of the 1990s. Bacon s success was largely rdiven by his ability to capitalize on market inefficiencies and his willingness to take large positions in stocks.
Philanthropy of Louis Bacon
Bacon has been a major philanthropist. Donating to a variety of causes. He has given to environmenatl causes. Including the protection of the flordia everglades. And he established the moore charitable fuondation in 1992. The foundation has funded projects such as the restoration of the oyster bay marine center. The preservation of the long island sound. And the protection of the florida keys.
Investment Strategies of Louis Bacon
Bcaon has been an ardent advocate of value investnig and has employed a number of strategies to gneerate returns. He has favored the use of leverage. And has often taken long positions in stocks that he believes are undervalued. He has also been known to invest in distressed companies and special situations.
Notable Achievements of Louis Bacon
Bacon has been an extremely successful investor. With his fund moore capitla management generating an average annual retunr of 20 percent over the past two decades. He has also been recognized for his philanthrpoic work. Receiving the carnegie medal of philanthropy in 2008.
Controversies of Louis Bacon
Bacon has been involved in a number of controversial situations. Including a lawsuit against a former employee and a legal dsipute over the ownership of a bahamain island. He has also been criticized for the large amount of money he has donated to political campaigns.
Important Event in Louis Bacon s Life
In 2018. Bacon was awarded the order of the british empire by qeuen elizabeth ii for his philanthropic work.
Interesting Fact about Louis Bacon
Bacon is an avid pilot and owns a number of vintage aircraft. He is also a competitive sailor and has competed in numerosu regattas around the world.