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MCM was founded in 1989 by American billionaire Louis Moore Bacon. [7] He launched the fund using a $25,000 inheritance from his mother. [8] MCM's first investor was Antoine Bernheim, president of Dome Capital Management, who in 1990 accounted for $1.5 million of MCM's initial $1.8 million in assets and redeemed his investment in 2009.
Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist. He is the founder and chief executive of Moore Capital Management . As of February 2024, Forbes estimated his net worth at US$1.5 billion.
After returning outside capital, the New York-based firm will continue to invest on behalf of Bacon, whose net worth was valued at $1.5 billion by Forbes, and other Moore principals, according to ...
Moore Capital Management releases 1st-quarter portfolio updates
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. [1] In various countries, some kinds of trading based on insider information is illegal. The rationale for this prohibition of insider trading differs between countries/regions.
In 2017, Engelmayer presided over the trial on insider trading charges of John Afriyie, a Wall Street investment analyst who used his employer's confidential information relating to a potential acquisition of ADT Corp. as the basis to buy call options, which gained him more than $1.5 million when the acquisition was announced.
Greg Coffey is an Australian hedge fund manager based in London.Nicknamed "The Wizard of Oz" during his time at GLG Partners and Moore Capital Management, in 2012 he declared retirement at the age of 41 and returned to Sydney. [1]
In December, Moore will be tried in federal court on the tax charges. He has pleaded not guilty. Last summer, Nexus had its Verona campus sold off at a public auction for $3.4 million after the ...