L ouis Moore Bacon is a legendary American hedge fund manager, trader, and philanthropist, renowned for his prowess in making large, directional bets in the global macro markets. He founded his hedge fund, Moore Capital Management, in 1989 with a $25,000 inheritance. He quickly earned a reputation as a brilliant macro trader, correctly anticipating and profiting from major geopolitical and economic events, such as the 1990 invasion of Kuwait and the subsequent Gulf War, and the fall of the Japanese Nikkei.
Bacon's trading style is characterized by aggressive, contrarian bets on stocks, bonds, currencies, and commodities, based on his analysis of macroeconomic trends. For decades, Moore Capital delivered exceptional returns to its investors, making Bacon one of the most successful and wealthiest hedge fund managers of his generation. In 2019, after 30 years, he announced he would be returning outside capital and converting Moore Capital into a family office to primarily manage his personal fortune. He is also a dedicated conservationist, having donated vast sums of money and protected huge tracts of land in the U.S. through conservation easements.