Disclaimer: This website is a compilation of stories about Louis Bacon and Moore Capital Management that are posted in various sources around the internet. Links are provided to the full article's.

Moore Capital’s European operation seeing changes

Changes are being made to Moore Capital’s European operation to mark the start of 2018.

Hassim Osman Dhoda, a former senior macro trader at Moore Capital in London quit at the end of last year and has formed a new macro fund – Soloda Investment Advisors, which was registered with Companies House on December 28th 2017. For the moment, Dhoda is Soloda’s only employee. 

Registrations with Companies House in London also suggest that Moore Europe Capital Management has “terminated” various “members.” These include finance director Garth Gasgoigne, global head of trading Maurizio Alfano, and portfolio managers Angelie Ashwin Moledina and Luis Valderrama.

Read the full story here.

Why did Louis Bacon Refuse Truce Offer?

The longer this battle between billionaires in The Bahamas in this Clifton conflict is unresolved, the more confusing it is. Will it ever end? Will we ever get our questions answered?

Well we know that fashion mogul Peter Nygard tried to call a truce with hedge-fund billionaire Louis Moore Bacon 2 years ago, which Bacon obviously refused. We have not heard that anything has changed since then; so chances are, this strife is not ending any time soon.

Peter Nygard offered to give the millions they pay to lawyers to the people in The Bahamas instead for much needed projects, but since Bacon appeared to never be one for giving to the people of The Bahamas, that didn’t likely appeal to him.

Read the full story in The Bahama Journal here.

Louis Bacon Chief Funder of Save The Bays

What ever happened to the matter that was put before the Inter-American Commission on Human Rights (IACHR) by the Save The Bays 5? Is the Commonwealth of The Bahamas still on a list with rogue nations that kidnap, torture and kill its citizens?

The Bahamas got on that list because of actions by Fred Smith, thru the Grand Bahama Human Rights Association, working on behalf of Save The Bays, which is chiefly funded by hedge-fund billionaire Louis Moore Bacon. Fred Smith filed a petition with the IACHR citing that the Save The Bays 5 were in fear for their lives.

Save The Bays is an organization operating in The Bahamas that has established itself as an environmental group. It has a United States 501(c)(3) status and its chief funder, as they have indicated, is hedge-fund billionaire Louis Bacon. Contradictorily, they have also called themselves a political organization, which is actually in violation of U.S. Treasury rules for any 501(c)(3) to do.

Read the full story in the Bahama Journal here.

Secretive Fund Guru Louis Moore Bacon

Bacon has been the subject of some less-than-stellar press attention like the bitter dispute on the island with retail tycoon Peter Nygard. He even brought a defamation case against Nygard for spreading ‘malicious’ rumors of a close association with the Ku Klux Klan, and attempts to falsely link him to arson, bribery, drug smuggling, and murder. Bacon has emphatically denied all these claims.

Read the full story here.

The Elusive Truce in the Bahamas

The battle between Lyford Cay billionaires hedge-fund billionaire Louis Moore Bacon and fashion mogul Peter Nygard seems never-ending, but not for lack of trying to end it by Peter Nygard. Back in November of 2015, Nygard extended an olive branch to Bacon to end this feud. However, Bacon refused.


Nygard said it was one of many overtures of peace to Bacon. They have all been refused. To date, the money spent on this battle is in the tens of millions if not more.

In the 2015 open letter Nygard expressed:

“As 2015 draws to a close and we approach the holiday season, let us bring this fighting to an end and reach a global resolution under which Mr. Bacon and I will each contribute a significant and mutually agreed upon sum of money to aid the disadvantaged and better the islands. In this spirit, I am writing to invite all of you and/or your representatives to participate in a settlement conference to explore a resolution to all outstanding disputes, including legal actions, to take place as soon as possible in Nassau or wherever is most convenient.”

We are coming up on another holiday season with still no cessation to this million-dollar conflict.

Here is more of what Mr. Nygard wrote in his letter from two years ago.

Read the full story in the Bahama Journal here.

Louis Bacon’s Countless Court Absences

Fred Smith, Save The Bays Director and attorney, is hypocritically up in arms over fashion mogul Peter Nygard’s application (submitted by attorney Damian Gomez) to be excused from court appearances, despite the fact that hedge-fund billionaire Louis Moore Bacon is absent from all court cases he has launched in The Bahamas.

A recent Tribune article “Supreme Court Judge To Give Ruling On Nygard’s Absence” reported, “Fred Smith, QC, lead counsel for the Save The Bays (STB), objected to Mr Gomez’s application on the grounds that acceding to it would be prejudicial to STB.”

The article says this about the response from Mr. Nygard’s attorney: “Mr Gomez also submitted that given the circumstances, Mr Nygard’s absence and consequent application can cause no prejudice to STB. He said he was ‘at a loss’ about STB’s claims on the matter.”

Mr. Gomez has to be at a loss over Fred Smith’s hypocritical objections when every court case involving Louis Bacon is taking place without Louis Bacon being present. Yet, the article explains, “Mr Smith insisted on STB’s opposition of his [Nygard’s] excusal application.”

Bacon has brought cases against people for contempt of court and has never shown up in court for any of these cases. He has brought lawsuits against several individuals and hasn’t shown up for them. Fred Smith and Louis Bacon’s cohort of attorneys have the Bahamian Courts tied up in numerous cases involving Louis Bacon or organizations with which he is associated, like Save The Bays and the Coalition To Save Clifton. Many of these cases have been ongoing and will go into next year.

Read the full story in the Bahama Journal here.

Louis Bacon’s defamation lawsuit tossed

A Manhattan judge had little interest in hearing arguments Tuesday from a hedge-fund titan’s lawyers over why his $50 million defamation lawsuit should be reinstated.

Billionaire Louis Bacon’s suit against fashion mogul Peter Nygard was tossed in August by Judge Cynthia Kern, who said the case should be brought in the Bahamas, where the two men are neighbors.

On Tuesday, Bacon’s attorney, Bill Carmody, came to court to argue that the case has New York ties.

But Kern didn’t seem amused.

“I don’t want to spend 15 minutes on it. It’s really the same exact information I was considering the first time,” Kern groused. “I don’t think I’m going to change my mind.”

Read the full story in the New York Post here.

Louis Bacon allegedly broke the law dredging sand ...

When it was established, Save The Bays described themselves as an environmental organization and even has a United States 501c3 status. Yet, they admit that they are a political organization. Seems to me that they are the ones abusing power and misleading the public, especially when it’s obvious that the only people in their scopes are Fashion Mogul Peter Nygard and the Progressive Liberal Party Government.

Well where were Save The Bays and Fred Smith when hedge-fund billionaire, Louis Bacon, allegedly broke the law dredging sand in front of his property out at Clifton to build a marina and boat basin without authority or permits?

Did Save The Bays and Fred Smith try to enforce the laws when the FNM government gave Bacon his approvals after the fact? Did Save The Bays and Fred Smith attack the FNM Government for rewarding such a flagrant disregard for the Bahamian law?

How about attacking Louis Bacon for dredging out at Clifton and his detriment to the environment?

Read the full story in the Bahama Journal here.

Louis Bacon incessant obsession with destroying Peter Nygard

Fred Smith, as Director and attorney for Save The Bays, took the previous Government of The Bahamas to court to stop the Government from making a decision they didn’t agree with.

Then Fred Smith, as Director and attorney for Save The Bays, took the Government to court because it didn’t want to abide by the new law in The Bahamas for all non-profits to be accountable and present requested information to the Registrar General’s Department.

Now he is threatening to fight the new Administration if he doesn’t get his way with this proposed bill.

Bottom line? Nobody trusts Fred Smith and his cohorts. Besides targeting all of their unjust attacks on Peter Nygard to please their funder Louis Bacon and his incessant obsession with destroying Peter Nygard, they have proven themselves to be continuously engaged in questionable dealings and have demonstrated not to have the best interest of The Bahamas at heart.

Read the full story in the Bahama Journal here.

Louis Bacon's Charitable Foundation Sues PJT Partners

Hedge fund billionaire Louis Bacon’s charitable foundation has sued Paul J. Taubman’s investment bank for fraud, claiming PJT Partners “bears responsibility for the foundation’s enormous loss” stemming from the Ponzi-like scheme of Andrew Caspersen.

Bacon’s Moore Charitable Foundation, which primarily works in land and wildlife conservation, and his Kendall JMAC investment vehicle, claim they lost $16 million in Caspersen’s fraudulent scheme and are demanding PJT Partners pay it back plus interest.

Bacon’s foundation invested nearly $25 million in one of Caspersen’s deals and claims PJT is “responsible in fact and law for its employee’s actions and for the foundation’s loss.”

Read the full story in Forbes here.

Media being sued on behalf of Louis Bacon

This battle in the heart of Clifton launched by hedge-fund billionaire Louis Bacon and Save The Bays—the so-called environmental group—against fashion mogul Peter Nygard has seen a number of casualties in terms of individuals and organizations sued by lawyers working on behalf of Bacon and Save The Bays.

Even now there are matters outstanding in the courts against any and everybody who has criticized Bacon and Save The Bays in some way; some of these court cases go as far back as 2013.

In fact, practically everyone in media, with the exception of the Tribune, has been sued by Graham Thompson and Associates (or Graham Thompson Attorneys as they are now called) on behalf of Louis Bacon.

But why the exception? Why is the Tribune the only media company not sued by Fred Smith, Graham Thompson or any other Bacon attorney? I think one need only read any article written concerning Louis Bacon or Peter Nygard published in the Tribune to discover the answer.

Read the full story in the Bahama Journal here.

Save The Bays Funder Louis Bacon

From the time of its inception, Save The Bays appeared to be an organization focused on attack, obstruction and ridicule as opposed to becoming Government partners with sincere efforts to assist in the protection of the natural resources of the Commonwealth of The Bahamas.

There is so much more Save The Bays could’ve contributed to the health and well-being of The Bahamas had they had a different focus.

Even if a climate-change denier, no one can deny that the series of severe storms and record-breaking disasters around the world are signaling some kind of shift on our planet that is having significant consequences for us all.

These events represented a major opportunity for Save The Bays to focus their efforts on more positive contributions combating the effects of climate change as opposed to focusing their efforts on unjustly attacking fashion mogul Peter Nygard at the behest of Save The Bays funder hedge-fund billionaire Louis Moore Bacon.

But let’s not belabor that point. Any fair-minded individual would agree that Peter Nygard has been unjustly attacked by Louis Bacon, Fred Smith and their Save The Bays cohorts likely for their own personal agenda.

Here’s a thought: How about Save The Bays become problem solvers instead of mischief makers?

How about finding solutions to the environmental challenges beachfront property owners face?

Read the full story in the Bahama Journal here.

Louis Bacon tells a tale that glorifies himself

Everyone is aware to some extent of the various issues surrounding Clifton Cay and its battles. Clifton Cay is an acreage of land in New Providence, Bahamas that is home to not only one of the most beautiful beaches in The Bahamas (that a James Bond movie was filmed at) but is also home to a part of our country’s history in the form of housing the only remaining structures of several slave homes in the Commonwealth of The Bahamas.

The key battle to stop development on Clifton Cay involved a very brave Bahamian, Vivian Whylly, who endangered his life to stand in front of a bulldozer to prevent the old slave houses from being demolished. That, in essence, energized the grass-root movement to stop the demolition of the now Clifton Heritage Site, which was being attempted to allow development on its lands.

As the fight went on, various groups joined in to have their voices heard and to assist in the protection of that land. The fight involved a number of Bahamians, international groups, and a number of Lyford Cay residents who donated to the cause.

However, what is most disturbing is that only one individual publicly accepted international credit for the Clifton Heritage fight in The Bahamas. And no, it wasn’t the individual who placed his body in front of the bulldozers to stop demolition.

It was hedge-fund billionaire Louis Moore Bacon, one of the Lyford Cay residents who donated to the cause. In fact, here is how Robert F Kennedy Jr. (who is described as an environmental lawyer) on video-tape defined Bacon’s role:

“Louis really single-handedly decided to stand up and save that beach on behalf of the Bahamian public. And today because of his work, Clifton Cay is a national park and is protected forever on behalf of the people of the Bahamas…”

Really?

Setting the record straight on the Clifton Cay fight should be important to all Bahamians. We have to be ‘the lion telling the tale’. Otherwise, we will have the likes of Louis Moore Bacon telling a tale that glorifies himself and insults the Bahamian people.

Read the full story here.

Why is Louis Bacon Funding Save The Bays?

Bahamians can sometimes be really laid back and would dangerously ‘go along to get along’. But, we really can’t afford to take our eyes off of the ball: We have a situation where there appears to be some questionable things going on with Save The Bays.

It calls itself a non-profit, yet its main funder is hedge-fund billionaire Louis Moore Bacon; and when you look at the behavior of their Director and attorney Fred Smith, most of the activities of their organization seem to be focused on seeking to destroy individuals who are Bacon’s ‘designated enemies’.

It calls itself a nonprofit with United States Treasury 501(c)(3) status, but it refuses to make its financial information public as U.S. Treasury mandates; it calls itself a nonprofit, but it refuses to allow The Bahamas Registrar General’s Department oversight to ensure it is on the up and up.

What if, as reported, there are many millions being funneled into The Bahamas through Save The Bays’ chief funder, Louis Moore Bacon, not being spent on environmental projects in The Bahamas but is being used for his personal agenda?

Do you really believe that all of the Save The Bays cases brought before the courts are legitimate, or are they simply playing games—games that are costing the Bahamian people millions of dollars?

What if Save The Bays really is trying to hide something and that is the reason they took the Registrar General’s Department to court to keep their nonprofit information private?

Read the full story in the Bahama Journal here.

Is Louis Bacon losing his touch?

It appears that hedge-fund billionaire Louis Bacon of the Clifton saga fame is losing his touch in business.

First the company reportedly reduced the fees they charge clients; then they laid off 30 employees; now they are divesting interest in a company that is underperforming.

As it turns out, the U.S. stock markets are doing well overall. They are being described as experiencing a ‘rally’—“A rally is a period of sustained increases in the prices of stocks, bonds or indexes,” as described by Investopedia.com.

But, not so for Moore Capital Management. According to reports filed, Bacon’s business seems not to be making the gains that the stock market is generally, and specific picks of theirs have underperformed.

Not to get to deep into the weeds, but according to latest reports, a stock that Bacon has been investing in over several months is ‘down trending’ and underperformed the S&P500 by 28.96%.

Read the full story here.

Moore Capital Management cutting jobs

Moore Capital Management, the hedge-fund firm that oversees $13.4 billion, has cut about 30 jobs, according to a person with knowledge of the matter.

The firm founded by billionaire Louis Bacon reduced staff numbers in London and New York, the person said, asking not to be identified because the matter is private. Moore’s fund lost 2 percent this year through June 22 after gaining 5 percent in 2016, according to an investor document.

Read the full story in Bloomberg here.

Louis Bacon’s Moore Macro Managers fund down 2.7%

Big-name managers have been wrongfooted by unforeseen political events, investors say - and nimble upstarts have shown them a clean pair of heels

Some of the biggest names in global macro are falling farther behind their younger rivals - and investors are starting to notice.

Renowned fund managers such as Caxton Global, Brevan Howard and Moore Capital are in the red so far in 2017, according to performance figures collected by HSBC.

Graham Capital's $2.1bn absolute return macro fund is down almost 7% to June 6. Alan Howard's $8.7bn Brevan Howard macro fund lost 3.1% between the start of the year and April 30, and Louis Bacon’s $7.5bn Moore Macro Managers fund is down 2.7% to May 31.

Read the full story in  the Financial News here.

If Louis Bacon Controls The Bahamas…

Hedge-fund billionaire Louis Bacon has used his millions in a scorched earth campaign against fashion mogul Peter Nygard and the Government of the Commonwealth of The Bahamas—all done through Save The Bays and its attorney and Director, Fred Smith.
Toward this end, Fred Smith behaves like a bulldog engaged in persistent and ferocious attacks against anyone deemed Bacon’s enemy.
Now Fred Smith and Louis Bacon, supposedly, seek to carry out their agenda through the Free National Movement (FNM) political party.
Here’s the thing. Even after challenging the FNM Chairman to deny that several Free National Movement candidates are being funded by money from Louis Bacon, there has been radio silence. No denials have been heard anywhere.
Given that Bacon’s money funding FNM candidates is a likely fact, there is much to discuss about Louis Bacon and what this means for the Commonwealth of The Bahamas, since we know that ‘what’s past is prologue’.
Read the full story in the Bahama Journal here.

Why is Louis Bacon funding FNM candidates?

Three Free National Movement (FNM) candidates in the upcoming General Elections in The Bahamas are said by other candidates to be funded by money from hedge-fund billionaire Louis Bacon.

As expressed by Minster Fred Mitchell, the question many Bahamians want the FNM to answer is “if the FNM is elected to office, will they be running for and representing Louis Bacon and Save The Bays, or will they be representing the Bahamian people?”

Believing the former, Minister Mitchell asserted in a recent speech “the FNM has some people who are representing some rich billionaires overseas.”

This is a dire threat to our sovereignty. If these assertions are true, a core question that needs to be asked is why is Louis Bacon funding candidates for the Free National Movement?

Read the full story in the Bahama Journal here.

Model Petrified Of Louis Bacon

An African American model reported that she is so afraid of hedge-fund billionaire Louis Bacon that her doctor has put her on heavy medications such as Zoloft, Zanex and Ambien.

In June of 2016, the model filed a lawsuit against Louis Bacon for Fraud, Conspiracy to Commit Fraud, and Fraudulent Concealment in the Superior Court Of The State of California.

In the court document, the model alleges the following about the day she found out about the “fake” 2011 lawsuit using her name: The model says that in late 2015 she was approached by a female investigator from a private investigation company—a company Bacon was said to have used against Mr. Nygard in the past, as explained in the court document—who offered to take her to lunch.

The court document states:

“On further information and belief, at lunch Ness plied M with large quantities of alcohol and unlawfully gave her the prescription medication Adderall—a stimulant which, when combined with alcohol, diminishes a person’s ability to distinguish if she has had too much to drink—in an effort to obtain a statement from M about Nygard.”

The model explained that shortly after she finally found out about her supposed lawsuit that she never authorized, she was threatened and harassed. She accuses Bacon and his attorney of these efforts.

Read the full story in the Bahama Journal here.