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
DECEMBER 13, 2013
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED PARTNERSHIP
2013 - HUNT LANE CAPITAL FUND LP
AROUND THE WEB
- Bacon’s Moore Capital fires workers amid hedge-fund woes
By Carleton English - Thursday Jul 13, 2017
- NEA Leads $42M Round For AI-Enhanced Freight Booking Startup Transfix
By Bernadette Tansey - Wednesday Jul 12, 2017
Transfix, a New York tech startup with an online marketplace that organizes freight truck shipments, says it has scored $42 million in a Series C financing round led by New Enterprise Associates (NEA). Transfix, founded in 2013, relies on machine learning and other data analytics tools to distinguish itself in the crowded arena of freight […]
- 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.
- Groups make DIY bike lanes to show US cities what could be
By JAIME DUNAWAY, Associated Press - Sunday Jul 23, 2017
DALLAS (AP) — A makeshift bike lane divider made of painted two-by-fours and PVC pipes lasted three days on a busy Dallas street last month before the city removed it, which was two days longer than its creators expected.The $100 structure was the work of the Dallas Transformation Department, one of several like-minded groups of anonymous Twitter users who have taken a do-it-yourself approach to making road improvements in cities stretching from New York and Boston to San Francisco.Activists say a flower planted in a pothole or a line of cones or toilet plungers to keep cars from drifting into bike lanes can have the magical psychological effect of getting drivers to slow down and watch for cyclists and pedestrians.Business owners complain when street parking is replaced with bike lanes, and firefighters worry that separated bike lanes could impede their emergency responses.[...] there's usually a shortage of funds, said Jared White, who manages Dallas' bicycle transportation program within the Mobility and Street Services Department.Dallas spent an estimated $300 and three hours removing the unauthorized bike lane divider because it didn't meet federal and state regulations."The bicycle lane endangered any bicyclist using the illegal lane by exposing them to head-on collisions with a motor vehicle legally travelling in the marked travel lane," he said.
- New Ping An Insurance Fund Is Hunting for Fintech Investments
Friday Jun 9, 2017
Ping An Insurance is using a newly-launched fund to hunt for financial technology and health care-technology investments in the $10 million to $30 million range, a top executive said.