Moore Capital
Company and Financial Services Company
Dump the dollar! Buy gold!5 yr CD Fortune magazine) -- Back in 1988, long before Louis Bacon became the secretive hedge fund billionaire atop Moore Capital, he was walking the trading floor at Shearson Lehman when he spotted Chris Pia, a burly 21-year-old... In this article: Louis Bacon, Moore Capital, Fortune, Risk management, Recession, and Nasdaq |
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FT.com - Companies | November 13, 2009
Clive closes door on new investors
...fund, which trades commodities ranging from oil to metals and meats, has swelled to $3.5bn in assets since its 2007 launch by former Moore Capital trader Chris Levett. Clive has returned 17 per cent this year and 74 per cent since inception,...
In this article: Inflation, Credit crunch, and Barclays
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WSJ.com: Markets | November 12, 2009
Star Manager Greg Coffey Lags His Old Fund
...the flagship's holdings, leaving it entirely in cash. It isn't clear how much of the outflows followed Mr. Coffey to Moore, which he joined almost one year ago. Mr. Coffey's new fund, the Moore Emerging Markets Fund, returned 17.41% this year...
In this article: Greg Coffey, GLG Partners, Sunday Times, Louis Bacon, and Morgan Stanley
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Seeking Alpha | November 12, 2009
Paulson Returns to Merger-Arbitrage Roots With Cadbury Play
...U.K. based companies. To see what some of the largest hedge funds are buying and selling in the U.K., head to our most recent post covering Moore Capital Management, Louis Bacon's hedge fund firm. In other notable activity, Paulson also...
In this article: Kraft Foods, Conseco, U.K., Derivative, and Moore Capital Management
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Reuters | November 06, 2009
SEC hires hedge fund industry veteran Bookstaber
...created unit designed to identify risks in financial markets. Bookstaber, who held top positions at prominent hedge funds including Moore Capital Management and has written widely about risk management, will be a senior policy adviser to...
In this article: Securities and Exchange Commission, Moore Capital Management, Derivative, Risk management, Structured finance, and Willkie Farr & Gallagher LLP
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Flurry of hedge fund start-ups buoys industry
By Sam Jones in London Published: November 2 2009 23:01 | Last updated: November 2 2009 23:01 Hedge fund launches are growing in size and number after months of subdued activity in the wake of the collapse of Lehman Brothers last year.
In this article: Lehman Brothers, London, and The Children's Investment Fund
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PR Newswire: Financial | November 02, 2009
Knight Libertas Expands Global Emerging Markets Team
...analyst at the following organizations: Salomon Brothers Asset Management, OppenheimerFunds, Nomura Corporate Research & Asset Management and Moore Capital. Prior to joining Knight Libertas, Mr. Viegas managed global credit and...
In this article: U.S. Securities and Exchange Commission and Royal Bank of Scotland
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MarketWatch | October 29, 2009
Hedge Funds: Citadel unlocks investors, unveils big changes
...liquid assets such as government bonds, foreign exchange and equity indexes, according to Griffin. Citadel has hired Kaveh Alamouti from Moore Capital and Derek Kaufman from J.P. Morgan Chase & Co. /quotes/comstock/13*!jpm/quotes/nls/jpm (JPM...
In this article: Kenneth Griffin, Derivative, Wellington, Balance sheet, Financial crisis, Harvard University, and Citadel Investment Group
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Kate Moore Joins BofA Merrill Lynch Global Research as Global Equity Strategist
Moore will be based in New York. Logo: http://www.newscom.com/cgi-bin/prnh/20090812/CL60095LOGO ) Moore joins from Moore Capital Management where she served as an emerging market strategist for the last few years. Previously, she...
In this article: Bank of America Merrill Lynch, Merrill Lynch, Risk management, NEW YORK, Moore Capital Management, Derivative, and University of Virginia
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US ruling exposes insider trading divide
...a better price, was expected in the coming days. The censure followed a case last year when Steven Harrison, a hedge fund trader at Moore Capital, was fined GBP52,000 for buying bonds after receiving inside information. Bond syndicate desks...
In this article: US, Insider trading, SEC, UK, Mark Cuban, Financial Services Authority, City of London, Oxford university, and Shearman & Sterling
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Prime Newswire | September 24, 2009
Michael C. James Joins Millennium Biotechnologies Board of Directors
...8, 2009 from the Receiver's Estate in Superior Court of the State of Rhode Island. From 1995 to 1999, Michael was a Partner at Moore Capital Management, Inc., one of the premiere private investment management companies. Prior to his...
In this article: Moore Capital Management, Balance sheet, Cancer, Private Securities Litigation Reform Act of 1995, and Securities and Exchange Commission
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Description from CrunchBase:
Moore Capital Management, LLC (MCM) is an employee owned hedge fund sponsor. The firm provides its services to institutions and high net worth individuals. It invests in the public equity and fixed income markets across the globe. The firm employs a global macro-style approach to investing. Moore Capital Management was founded in 1986 and is based in New York, New York.
Moore Capital Management, ran by Louis Bacon. Moore, named after Bacon’s middle name, is a $10 billion global macro set of hedge funds. The next few funds we will be covering are global macro oriented funds, which is a switch from some of the more value oriented funds we’ve been covering, like the ‘Tiger Cub’ funds including Stephen Mandel’s Lone Pine Capital, Lee Ainslie’s Maverick Capital, John Griffin’s Blue Ridge Capital , and Andreas Halvorsen’s Viking Global. Global macro funds seek to find investments in whatever market they can gain an edge, whether it be equities, bonds, currencies, debt, commodities, and more. So, keep in mind that these equity positions only represent a portion of the fund’s overall holdings. They are not required to disclose holdings outside of equities, notes, and stock options.
Louis Bacon is a famed trader and risk manager. He comes from the group of “offspring” of the legendary Commodities Corp. Bacon emerged as one of the great macro traders alongside the likes of Paul Tudor Jones (Tudor Investment Corp), and Bruce Kovner (Caxton Associates). And, interestingly enough, Bacon helped get his firm off the ground when Paul Tudor Jones stopped accepting capital from investors and instead turned them to Bacon’s firm. Returning 31% annually since inception in 1990, Bacon can be very proud of his flagship fund, Moore Global Investments, but, it doesn’t stop there, as his returns have shown little correlation to the stock market and low volatility. He is the definition of a risk manager.
Bacon credits his risk management skills to the futures markets, where he learned to be sensitive to market action. And, he learned such skills at an early age. While getting his MBA at Columbia, he used his student loan money to trade. And, he lost it all. Clearly, he learned a lesson he would never forget. Such a lesson stuck with him as he worked various jobs in the financial industry before eventually starting his own firm. And, in his first year managing Moore Capital Management, he returned 86%. Bacon strives to identify long running macro trends. While he has a longer-term macroeconomic view, he won’t let that stop him from making money by trading around the position in the mean time.
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