Moore Capital Management European Profits Are Up

According to results published by Companies House, the London based part of Louis Bacon's hedge fund has posted their profits for 2011, and figures show that this particular European branch rose by 50%.

Moore Capital Management was founded in New York by a then 33 year-old Louis Moore Bacon. In 1990 Moore Capital Management launched Moore Global Investments using all of the $25,000 he had inherited from family at the time. This was quite a gamble, being his own money, and all he had at the time. Fortunately that gamble paid off, and Louis Bacon went on to become one of the most successful hedge fund managers in the world.

Fast-forward 20 years and the New York branch of Moore Capital Management now manages funds of up to $7.5 billion, quite a difference from the initial $25,000 - even with inflation. The headquarters still remain in New York, but the company has offices in London, Zurich, Hong Kong, and Washington. With over 430 employees, including hedge fund superstar Greg Coffey; all the offices combined manage nearly $14.5 billion in hedge funds.

To this day Louis Bacon still participates in the majority of the international markets, regardless of which office he's based in at the time. Following his lead, Bacon bases his next move based on the future inflation trends, predicted and historic economic growth, as well as central bank policies and national politics. From this information he is able to decide what themes and investments will thrive in what areas, and where to next play his move.

When he's not working, Louis Bacon is busy with his philanthropy projects via his charity the Moore Charitable Foundation. An avid conservationist, Bacon is part of multiple projects to help save land from construction, preserving the natural habitat for wildlife and local residents.