Louis Bacon’s hedge fund just got a little leaner. The billionaire’s Moore Capital Management cut 30 jobs at its New York and London offices, a spokesperson for the firm confirmed. Moore Capital’s headcount reduction accounts for 7 percent of the $13.4 billion fund’s 427 person workforce. “Like many firms in our industry, Moore Capital Management...
NYS Entity Status
NYS Filing Date
SEPTEMBER 24, 2014
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED PARTNERSHIP
2014 - CONSONANCE CAPITAL OPPORTUNITY FUND MANAGEMENT LP
AROUND THE WEB
- Bacon’s Moore Capital fires workers amid hedge-fund woes
By Carleton English - Thursday Jul 13, 2017
- Martin Shkreli is found guilty of fraud
By Stephanie Clifford and Colin Moynihan - Friday Aug 4, 2017
NEW YORK — Martin Shkreli, accused of defrauding his hedge fund investors and a pharmaceutical company, was convicted on three of eight counts on Friday, after a five-week trial in U.S. District Court in Brooklyn, N.Y.Shkreli was accused of securities and wire fraud related to two hedge funds he ran, MSMB Capital and MSMB Healthcare.The prosecution brought forth an “avalanche” of evidence, as prosecutor Jacquelyn Kasulis put it in her rebuttal argument, that included a threatening letter he sent to the wife of a former employee, statements he sent to MSMB investors showing great returns at the same time he had no money in fund accounts, three versions of a backdated agreement to make it look as if MSMB Capital had invested in Retrophin when it had not, as well as claims about assets under management that were wildly out of line with his actual fund size.
- Hedge fund manager closes firm to pursue politics
By Carleton English - Tuesday Sep 19, 2017
Connecticut needs a hedge fund manager to solve its problems. That’s according to 48-year-old David Stemerman, who said Tuesday he will shut down his hedge fund, Conatus Capital, to explore a gubernatorial run — even though the state’s fiscal woes have been partly blamed on the downturn in the hedge fund industry. “Connecticut … is...
- Sotheby’s to host hedge fund conference
By Carleton English - Sunday Sep 17, 2017
Sotheby’s will be hosting chaos next month. The famed auction house will be the site of former hedge funder Richard Hurowitz’s inaugural conference, “Opportunities from Chaos,” on Oct. 17. The event, which will include economist Nouriel Roubini, Saba Capital’s Boaz Weinstein and former world chess champion Garry Kasparov and others from the world of finance,...
- Investors pull nearly $3B from Och-Ziff
By Carleton English - Wednesday Aug 2, 2017
On second thought, maybe it can still get a little worse for Och-Ziff Capital Management. Although the New York hedge fund’s flagship is up 8.8 percent this year, investors still yanked nearly $3 billion from it in the four months ended July 31, it said while reporting second quarter results. The $32 billion hedge fund...
- New ski resort operator in New Hampshire raising concern
By MICHAEL CASEY, Associated Press - Tuesday Aug 22, 2017
NEWBURY, N.H. (AP) — The new operator of a popular ski resort in New Hampshire faced off against concerned residents, some of whom fear the company's past legal troubles raise doubts about whether it was the right choice to oversee the facility.New York hedge fund manager Och-Ziff Capital Management assumed ownership of 14 properties held by CNL Lifestyle Properties last year including the lease at Mount Sunapee Resort in New Hampshire. CNL will receive about $830 million in cash and stock under the purchase and sale agreement.Among the other properties were Sunday River and Sugarloaf in Maine, Crested Butte in Colorado, Brighton in Utah and Sierra-at-Tahoe in California.