Louis Bacon

Louis Moore Bacon (born 1956) is an American hedge fund manager and commodities trader who uses a global macro strategy to invest in the markets. Bacon has been at the top 20 ranking of Top 100 money earners since the 1990s.cite book
last = Peltz
first = Lois
title = The New Investment Superstars
publisher = Wiley
date = 2001
location = pages Intro, 5-6, 8, 9, 146
url = http://www.amazon.com/gp/reader/047140313X/?keywords=%22Louis%20Bacon%22&v=search-inside
id = ISBN 0-471-40313-X ] He is considered one of the top 100 traders of the 20th century. With an estimated current net worth of around $1.7 billion, he is ranked by "Forbes" as the 707th richest person in the world.cite news
title = Louis Moore Bacon
work = Forbes 400
publisher = Forbes magazine
date = March 2006
url = http://www.forbes.com/lists/2006/10/62UZ.html
accessdate = 2006-08-10 ] He is the manager of a leading New York City-based hedge fund, Moore Capital Management.

He was born in Raleigh, North Carolina. Bacon started his education at Episcopal High School in Alexandria, Virginia and attended Middlebury College where he studied literature and graduated Cum laude.He later received his MBA degree from Columbia University.cite news
title = Cynthia Pigott married to Louis Bacon
publisher = The New York Times
date = 1986-02-16
url = http://query.nytimes.com/gst/fullpage.html?res=9A0DE1D61F39F935A25751C0A960948260
accessdate = 2006-08-10 ]

Bacon started as a trader and broker of financial futures for Shearson Lehman Brothers [ [http://query.nytimes.com/gst/fullpage.html?res=9A0DE1D61F39F935A25751C0A960948260 CYNTHIA PIGOTT MARRIED TO LOUIS BACON] ] in New York. In 1986 he founded Moore Capital Management, a leading hedge fund with $15 billion in assets under management. Moore Capital is headquartered in New York City but has other offices in London, Toronto, and Washington D.C.

Bacon is a discretionary trader. He trades a Global Macro Strategy and is one of the few successful discretionary stars along with Paul Tudor Jones.

Bacon was once married to Cynthia Pigottbut is now divorced. His new wife is Gabrielle Sacconaghi. Bacon's stepmother is the former Blanche Robertson, sister of Julian Robertson, founder of Tiger Management and one of the pioneers of the hedge fund industry.

Bacon owns many homes around the world. They include residences in The Boltons, Colorado and the Bahamas,a luxurious townhouse in Upper East Side a Long Island estate (which includes a hunting lodge on nearby Robins Island, all of which is owned by Bacon), a grouse moorland in Scotland and three private polo grounds.cite news
title = So rich you just want to slap them
work = Femail
publisher = Daily Mail
date = November 17 2006
url = http://www.dailymail.co.uk/pages/live/femail/article.html?in_article_id=417137&in_page_id=1879
accessdate = 2006-26-11 ]

In November 2007, Bacon purchased the largest privately owned ranch in Colorado, the Trinchera Ranch in Costilla County from the Forbes family. The convert|171400|acre|km2|sing=on property sold for $175 million, and is believed to be the highest ever for a piece of U.S. real estate, surpassing the previous record of $165 million paid for a Beverly Hills mansion once owned by William Randolph Hearst. [ [http://origin.denverpost.com/headlines/ci_7577768 Conservationist buys state's biggest ranch] ]

References

*cite book
last = Jaeger
first = Robert A.
title = All About Hedge Funds
publisher = McGraw-Hill
date = 2002
location = page 16, 17, 30, 31
url = http://www.amazon.com/gp/reader/0071393935/?keywords=%22Louis%20Bacon%22&v=search-inside
id = ISBN 0-07-139393-5

*cite book
last = Biggs
first = Barton Biggs
title = Hedgehogging
publisher = Wiley
date = 2006
location = pages 85, 130, 173, 195
url = http://www.amazon.com/gp/reader/0471771910/?keywords=%22Louis%20Bacon%22&v=search-inside
id = ISBN 0-471-77191-0

*cite book
last = Ineichen
first = Alexander M.
authorlink =
coauthors =
title = Absolute Returns
publisher = Wiley
date = 2002
location = pages 60-63, 167, 334
url = http://www.amazon.com/gp/reader/0471251208/?keywords=%22Louis%20Bacon%22&v=search-inside
id = ISBN 0-471-25120-8

*cite book
last = Acar
first = Emmanual
coauthors = Satchell, Stephen
title = Advanced Trading Rules
publisher = Butterworth-Heinemann
date = 2002
location = page 380
url = http://www.amazon.com/gp/reader/075065516X/?keywords=%22Louis%20Bacon%22&v=search-inside
id = ISBN 0-7506-5516-X

*cite book
last = Lo
first = Andrew W.
coauthors = Weigend, Andreas S.
title = Computational Finance 1999
publisher = The MIT Press
date = 2000
location = page 364
url = http://books.google.co.uk/books?vid=ISBN026251107X&id=ZTkFszCxwdAC&pg=PA364&lpg=PA364&dq=%22Louis+Bacon%22&sig=vy59ssgpg5KjBdfviduoNP8nXN8
id = ISBN 0-262-51107-X

*cite book
last = Mauldin
first = John
authorlink =
coauthors =
title = Bull's Eye Investing
publisher = John Wiley & Sons
date = 2005
location = page 307
url = http://books.google.co.uk/books?vid=ISBN0471655430&id=wANXSIvrT9cC&pg=PA307&lpg=PA307&dq=%22Louis+Bacon%22&sig=L1qGL18Wssp1j0v7w-Z-f8MhWUk
id = ISBN 0-471-71692-8

*cite book
last = Malik
first = Om
title = Broadbandits
publisher = Wiley
date = 2004
location = page 176
url = http://www.amazon.com/gp/reader/0471660612/?keywords=%22Louis%20Bacon%22&v=search-inside
id = ISBN 0-471-66061-2

*cite book
last = Burstein
first = Gabriel
authorlink =
coauthors =
title = Macro Trading and Investment Strategies
publisher = Wiley
date = 1999
location = page v
url = http://books.google.co.uk/books?vid=ISBN0471315869&id=1zoUpprFwdAC&pg=PR5&lpg=PR5&dq=%22Louis+Bacon%22&sig=lb6R0gJ8o2gxxT3v4B0cfh7bT7I
id = ISBN 0-471-31586-9

External links

* [http://www.forbes.com/global/2004/1220/072.html Extensive biographical article at Forbes]
* [http://www.forbes.com/lists/2006/10/62UZ.html Profile at Forbes]
* [http://www.dailyii.com/article.asp?PositionID=2597&ArticleID=1040590&stage=True&zonZoneID=156&pagPageID=218 Ranks 19]
* [http://www.streetstories.com/bacon_fw_top100.html News from "Financial World" magazine]
* [http://www.turtletrader.com/bacon.html Profile]