Louis Bacon

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Louis Moore Bacon (born 1956) is a hedge fund manager and commodities trader who uses a global macro strategy to invest in the markets. Louis has been at the top 20 ranking of Top 100 money earners since the 1990s.[1] He is considered one of the top 100 traders of the 20th century. With an estimated current net worth of around $1.0 billion, he is ranked by Forbes as the 746-richest person in the world.[2]

Contents

[edit] Education

Louis started his education at Episcopal High School in Alexandria, Virginia and attended Middlebury College where he studied literature[2] and graduated Cum laude. He later received his MBA degree from Columbia University.[3]

[edit] Personal

He was born in Raleigh, North Carolina. He is the stepson of Julian Robertson’s sister Blanche.[4] He was once married to Cynthia Pigott[3]but is now divorced. His current girlfriend is Gabrielle Sacconaghi. She is said to accompany him to various polo matches, and they are known to move in Britain’s most aristocratic circles. In May 2006, she became the godmother to Lord and Lady Dalmeny’s son, the Hon. Albert Caspian Harry, alongside Sophie, The Countess of Wessex, and Viscount Strathallan.

Bacon owns homes in Belgravia, Colorado and the Bahamas, a Long Island estate and nearby island, a grouse moorland in Scotland and three private polo grounds.[5]

[edit] Career

Bacon started as a trader and broker of financial futures for Shearson Lehman Brothers in New York. In 1986 he founded Moore Capital Management, one of the forerunners of the hedge fund industry.

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.

[edit] Notes

  1. ^ Peltz, Lois (2001). The New Investment Superstars. pages Intro, 5-6, 8, 9, 146: Wiley. ISBN 0-471-40313-X.
  2. ^ a b "Louis Moore Bacon", Forbes 400, Forbes magazine, March 2006. Retrieved on 2006-08-10.
  3. ^ a b "Cynthia Pigott married to Louis Bacon", The New York Times, 1986-02-16. Retrieved on 2006-08-10.
  4. ^ Lee Hennessee. Metro magazine, NC (September 2003). Retrieved on 2006-08-10.
  5. ^ "So rich you just want to slap them", Femail, Daily Mail, November 17 2006. Retrieved on 2006-26-11.

[edit] References

Jaeger, Robert A. (2002). All About Hedge Funds. page 16, 17, 30, 31: McGraw-Hill. ISBN 0-07-139393-5.

Biggs, Barton Biggs (2006). Hedgehogging. pages 85, 130, 173, 195: Wiley. ISBN 0-471-77191-0.

Ineichen, Alexander M. (2002). Absolute Returns. pages 60-63, 167, 334: Wiley. ISBN 0-471-25120-8.

Acar, Emmanual, Satchell, Stephen (2002). Advanced Trading Rules. page 380: Butterworth-Heinemann. ISBN 0-7506-5516-X.

Lo, Andrew W., Weigend, Andreas S. (2000). Computational Finance 1999. page 364: The MIT Press. ISBN 0-262-51107-X.

Mauldin, John (2005). Bull's Eye Investing. page 307: John Wiley & Sons. ISBN 0-471-71692-8.

Malik, Om (2004). Broadbandits. page 176: Wiley. ISBN 0-471-66061-2.

Burstein, Gabriel (1999). Macro Trading and Investment Strategies. page v: Wiley. ISBN 0-471-31586-9.

[edit] Further reading

[edit] External links

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