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
- 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...
- Behind an $18 Billion Donation to a New York Charity, a Shadowy Chinese Conglomerate
By MICHAEL FORSYTHE and ALEXANDRA STEVENSON - Wednesday Jul 26, 2017
A Chinese man has transferred more than 29 percent of HNA Group of China to a private foundation, adding to the questions about the firm’s structure and political connections.
- 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.
- Dilllard’s stores worth more than its business: hedge fund
By Carleton English - Tuesday Aug 1, 2017
Dillard’s is the latest retailer to come under attack by an activist who claims the department store’s real estate is worth more than its business. New York hedge fund Snow Park Capital, which has amassed a 2 percent stake in Dillard’s, is pushing the 294-store chain to monetize its brick and mortar. “Dillard’s is essentially...
- Hedge fund pressures Dillard’s to unload real estate
By Carleton English - Monday Jul 31, 2017
Dillard’s is the latest retailer to come under attack by an activist who claims the department store’s real estate is worth more than its business. New York-based hedge fund Snow Park Capital amassed a 2 percent stake in the Dillard’s and is pushing the 294-store chain to monetize its real estate holdings. “Dillard’s is essentially...