“Frankly, my dear, you should give a damn,” Louis Bacon said last night, paraphrasing from what he called his holy book, “Gone With the Wind.” The Raleigh, North Carolina-born hedge-fund manager, who looks a bit like Rhett Butler (especially the hair), exhorted guests to protect nature as he accepted the National Audubon Society’s Audubon Medal...Five women costumed as North American birds circulated during cocktail hour. They wore bras and undies, a feather here and there, and body paint (they’d spent six hours standing during their transformation). Each ably identified herself (which most guests -- including Jonathan Rosen, author of a book about birding -- failed at). There was a red-breasted robin, a Blackburnian warbler, a loon, a blue jay and a calliope hummingbird. “Mrs. Bacon and I thought of it,” said Ann Colley, the executive director of the Moore Charitable Foundation, which has carried out much of Bacon’s conservation work. “We didn’t want it to be boring.” [Bloomberg]
Great News: Hunting Guest Of Louis Bacon Not Permanently Blinded By Bullets To The Face
His throat and arms, also hit, are okay, too. The chairman of auction house Sotheby’s has been shot in the face during a grouse shoot. Henry Wyndham would have been blinded had he not been wearing glasses when the accident occurred last Monday, the first day of the grouse shooting season. The Old Etonian was standing at his post – referred to in the shooting world as a grouse ‘butt’ – when a neighbouring gun was accidentally fired towards him, spraying shot in his arm, throat and face. Mr Wyndham was airlifted to hospital from the Scottish moor where the incident took place. He was treated for 52 lead pellet wounds. The accident took place on a hired estate on a shoot organised by American hedge-fund manager Louis Bacon, 56. Sotheby’s Chairman Henry Wyndham Shot On Grouse Moor [Bloomberg] Sotheby's chief airlifted from grouse shoot after being blasted by 52 pellets [DailyMail]
Louis Bacon Recruits Brother To Have Tough Conversations With Employees Re: The Fact That They No Longer Work At The Firm
One thing you may or may not know about hedge fund manager Louis Bacon is that he likes to keep his human interactions to a minimum. It's not a personal thing, just people in general thing. He doesn't like 'em and he doesn't want to talk to or look at 'em. For example, rather than taking five minutes to tell a subordinate he disagrees with a trade idea, Bacon has been known instead to "retreat to his office and place an opposing trade, a tactic known as 'fading' a colleague." Clients are treated similarly ("During meetings with...investors, Bacon, who often draws the blinds in his private office, frequently turns to his lieutenants to answer questions, often sitting silently through presentations") and if you thought that being, say the fruit of his loins meant special treatment, you were sorely mistaken ("One longtime assistant negotiates annual spending allowances with the elder of his children individually...Once they've agreed on the number, the assistant invites the child for a sit-down meeting with his or her father, during which Bacon usually signs off on the terms"). So it probably did not come as much of a surprise when LB hired his brother, the improbably named Zack Hampton Bacon III, to speak with a dozen or so members of the staff re: security waiting to escort them out of the building. Moore Capital Management LLC, the $15 billion hedge fund run by Louis Moore Bacon, cut 10 to 15 investment jobs as it restructures one of its equity teams, according to three people with knowledge of the matter. The portfolio managers and research analysts were let go on Sept. 11, said one of the people, who asked not to be identified because the information is private. Patrick Clifford, a spokesman for New York-based Moore, declined to comment. “Apart from a few hedge funds, it’s not that typical to see a large reduction in headcount in the industry,” said Ronen Schwartzman, founder of Ten Capital Advisors LLC, a New York- based firm that advises clients on investing in hedge funds. “Performance must be having an impact.” Bacon, 56, hired his older brother, Zack Hampton Bacon III, in February to oversee strategic planning, a person briefed on the matter said that month. Bacon told clients last month that he planned to return $2 billion, or about 25 percent of his main fund, to investors, saying it may be too big for him to generate returns in line with historic profits as “liquidity and opportunities have become more constrained.” On the bright side, no one was "sprayed in the face" with lead pellets, so not all bad. Moore Said to Reduce Positions Amid Equity Restructuring [Bloomberg] Related: Louis Bacon Has Better Things To Do Than Explain How Big An Idiot You Are
Hedge Fund Manager Claims Bahamas Neighbor Upped Harassment From 'Smear Campaign' To 'Murder Plot'
Louis Bacon v Peter Nygard, round who-the-hell-knows.