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
JULY 23, 2014
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED LIABILITY COMPANY
2014 - HEDGE FUND SELECT
AROUND THE WEB
- Bacon’s Moore Capital fires workers amid hedge-fund woes
By Carleton English - Thursday Jul 13, 2017
- Shareholders Demand More Drastic Shifts at Nestlé
By STEPHANIE STROM - Tuesday Jun 27, 2017
The changes requested by the Third Point hedge fund underscore the idea that legacy food brands must radically shake up their portfolios to remain profitable.
- Dan Loeb buys a chunk of Nestle, blasts ‘staid’ culture
By Carleton English - Monday Jun 26, 2017
Dan Loeb just placed his biggest bet ever on a chocolate company. The activist investor’s hedge fund Third Point LLC amassed a $3.5 billion stake in Nestle, the world’s largest packaged foods company, representing roughly 1.25 percent of the Swiss-based company’s shares. Loeb is hoping to reinvigorate the brand amid changing food tastes as well...
- Third Point, a Hedge Fund, Sets Its Activist Sights on Nestlé
By MICHAEL J. de la MERCED - Sunday Jun 25, 2017
The fund, run by Daniel S. Loeb, has called on the Swiss food giant to sell its stake in L’Oréal and move more quickly to adapt to changing consumer tastes.
- Nixed merger crushes media baron’s investment in pharma chain
By Josh Kosman - Sunday Jul 9, 2017
Newspaper baron and right-wing financial backer Randall Smith might be learning the hard way that sometimes diplomacy is more profitable than being an activist. Smith’s New York hedge fund Alden Global Capital owns First Digital Media, one of the country’s biggest newspaper chains that includes the San Jose Mercury News and the Detroit News. Alden...
- Ex-employee dismisses suit against hedge fund co-CEO
By Carleton English - Thursday Jul 6, 2017
Robert Mercer, co-CEO of hedge fund Renaissance Technologies, narrowly avoided a legal headache. Former Ren Tech employee David Magerman voluntarily dismissed his wrongful termination suit against Mercer, according to court documents filed late Wednesday. Mercer’s response to the case was due Friday. There was no settlement in the case, a source told The Post. Magerman,...