Early Life and Education
Louis Moore Bacon was born in Raleigh, North Carolina, on July 25, 1956. His father founded a real estate company, Bacon & Co. Bacon attended Episcopal High School in Alexandria, Virginia, and Middlebury College in Vermont, where he earned a Bachelor of Arts degree in American Literature in 1979. He then received an MBA from Columbia Business School in 1981.
Rise to Success
Bacon's career in finance began after he earned his MBA. He worked at Shearson Lehman Brothers, becoming senior vice president for futures trading. In 1987, he founded Remington Trading Partners. Bacon founded Moore Capital Management in 1989 and Moore Global Investments in 1990. Moore Capital became known for its ability to predict shifts in currency, bond, and equity markets.
Key Business Strategies
Bacon's investment strategy focuses on macro trading, using in-depth analysis of global events to make investments. He is known for his contrarian investment style. Moore Capital's success was due to Bacon's leadership and his ability to attract top talent. In November 2019, Bacon announced he was closing his hedge funds, citing disappointing results. Moore Capital still manages internal money and scored 70% returns in 2020 for Bacon and his employees.
Philanthropy
Bacon is a committed philanthropist, especially in environmental conservation. He founded The Moore Charitable Foundation in 1992. He has protected over 214,000 acres of land in the U.S.. Bacon has donated to numerous environmental organizations.
