Hedge Fund Manager Claims Bahamas Neighbor Upped Harassment From 'Smear Campaign' To 'Murder Plot'

Louis Bacon v Peter Nygard, round who-the-hell-knows.

When we last checked in with the neighbor dispute to end all neighbor disputes, i.e. the one between hedge fund manager Louis Bacon and Canadian clothing magnate Peter Nygard, wherein Bacon has accused Nygard of breaking laws and paying off the Bahamian government, and Nygard has countered that Bacon has ties to the KKK and once tried to break his will by positioning "military-loudspeakers" in the direction of Nygard's estate and blasting them all night long, Nygard had made the bold claim that Bacon had most likely told his gardener to burn down Nygard's house, and then killed the guy to shut him up about it. To which Bacon has lobbed back:

The suit—which reads like a pulp crime novel—alleges that Nygard, a Canadian who lords over a low-cost clothing empire, has orchestrated a campaign of terror and physical violence against Bacon and allies Frederick Roy Smith, Joseph Darville, Romauld Ferreira and C.B. Moss. Among the claims—physical attacks, firebombing cars, home and office break-ins, vandalism, and paying people to throw anti-Bacon rallies that claimed he was a racist, a murderer, and stock crook. The most severe claim: that Nygard held talks with two men—Livingston “Bobo” Bullard and Wisler “Toggi” Davilma–about killing Bacon and co-plaintiff Frederick Smith.

Hedge Fund Billionaire Louis Bacon Says Clothing Mogul Peter Nygard Plotted Murder Over Beach House [Forbes]

Earlier: Louis Bacon Probably Ordered His Gardener To Burn Down His Neighbor’s House, Then Killed The Guy To Shut Him Up, Says Neighbor


Opening Bell: 3.11.16

Hedge Fund billionaire Louis Bacon says clothing Mogul Peter Nygard plotted murder over beach house; Calls grow for Fed to hike rates in March; “All I thought about, from when the bandages first came off, was witnessing the expression on a woman’s face when she sees [it]"; and more.

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