Almost exactly a year ago, if you happened to be walking down East 67th Street toward Fifth Avenue, you probably stopped to peer through the window of a certain $49 million townhouse. Specifically the one belonging to Phil Falcone. There, a piano playing pig name Wilbur was pulling out all the stops (“Memory” from Cats, his infamous Bette Midler), in celebration of his boss making AR Magazine‘s annual list of the 25 highest paid managers, having taken home $825 million in 2009. The good spirits and the gin were running high that night and the party didn’t stop ’til the early hours of the morning. This year, things will be different. The lights will be dimmed and Wilbur will be in his room, digging out the cocktail napkin with the number of the hedge fund manager he’d met last summer in Connecticut. He told himself he wasn’t going to do anything with it but…things have changed. Continue reading »
Louis Bacon
Give it up for Vikram! Continue reading »
Is Louis Bacon Attempting To Irritate And/Or Kill Bahamas Neighbors Via Annoying Soundwaves?
By Bess Levin
If you were going to (ALLEGEDLY!) try to murder someone, how would you do it? For those who’ve been searching in vain for a way that might not immediately reveal itself to the authorities, a pioneering hedge fund manager’s got a tip for you.
Police have allegedly confiscated four pieces of dangerous sound equipment from the Lyford Cay home of billionaire Louis Bacon. The speakers are said to emit certain frequencies of irritating and annoying soundwaves that could possibly stretch over a wide range. Further investigations revealed that if used properly, the speakers have the potential to cause structural damage and even death.
BBC:
The London-based hedge fund, Moore Capital, was one of the firms raided by the City watchdog the FSA, the BBC has learned. One person at Moore Capital and five other City workers are being held. Those arrested are suspected of taking part in a long-running insider-dealing scheme. The arrests came after 16 addresses were searched in a joint probe by the Financial Services Authority (FSA) and Serious Organised Crime Agency (Soca). Documents and computers were seized from premises in London, the South East and Oxfordshire. It is the FSA’s biggest operation against insider dealing.
Update: A suspect and statement from Moore, via the WSJ: Continue reading »
