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Tags: louis bacon | moore | capital | hedge | fund

FT: Louis Bacon to Shut Moore Capital Hedge Fund

FT: Louis Bacon to Shut Moore Capital Hedge Fund
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Thursday, 21 November 2019 09:35 AM EST

Veteran U.S. money manager Louis Bacon plans to close his New York-based hedge fund Moore Capital Management and return capital to investors, the Financial Times reported on Thursday citing people familiar with the situation.

The FT report said the decision to shut the fund after three decades follows years of weak performance at Moore's hedge funds.

Bacon, 63, founded Moore Capital, which, along with its affiliates, is a private investment management firm with offices in New York, London and Hong Kong.

Both Bacon and Moore Capital did not immediately respond to Reuters' request for a comment on the news article outside of business hours. (Reporting by Muvija M in Bengaluru; Editing by Rashmi Aich)

© 2024 Thomson/Reuters. All rights reserved.


InvestingAnalysis
Veteran U.S. money manager Louis Bacon plans to close his New York-based hedge fund Moore Capital Management and return capital to investors, the Financial Times reported on Thursday citing people familiar with the situation.
louis bacon, moore, capital, hedge, fund
114
2019-35-21
Thursday, 21 November 2019 09:35 AM
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