Turtletrader

Some interesting details on Louis Bacon from turtletrader


Today Louis Bacon reigns over not only Moore Capital but over the most visible, most high-octane area of money management - macro investing. He gained the throne by default, and at a time when the future of the realm is increasingly in doubt. After sharp reversals, Julian Robertson in March shut down Tiger Management; in April it was George Soros' turn to slash the size and scope of his funds. With $9.4 billion under management - and $7.6 billion in macro partnerships - Bacon is by far the biggest of the daredevil managers who are still placing big directional bets on stocks, bonds, currencies and commodities at a time when such bold trading has come under withering scrutiny. But he, too, is struggling this year, and many skeptics wonder whether the days are numbered for this high-wire investing style.


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