Louis Bacon

Louis Bacon
Bacon donating conservation easement in Sangre de Cristo Mountains, June 2012
Born	Louis Moore Bacon (1956-07-25) July 25, 1956 (age 60) Raleigh, North Carolina, US
Residence	New York City, New York, US
Alma mater	Middlebury College Columbia University
Years active	1989-present
Known for	Founding and leading Moore Capital Management
Net worth	US$1.81 billion (February 2017)

Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist. He is currently the founder and chief executive of Moore Capital Management.

Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400 as of February 2017.

Bacon was born in Raleigh, North Carolina on July 25, 1956. His father, Zachary Bacon Jr., founded real estate company Bacon & Co. and later led Prudential Financial’s and Merrill Lynch’s real estate efforts in North Carolina.

Bacon graduated from Episcopal High School in Alexandria, Virginia. He attended Middlebury College in Vermont where he received his BA in American literature, graduating in 1979. Bacon met Walter Frank while he was working on a fishing boat on Long Island. He was given a job clerking at the specialist firm Walter N. Frank & Co during the summers of his college years. He subsequently received his MBA degree in finance at Columbia Business School in 1981.

While at Columbia, Bacon traded commodities using a low interest loan he had received. During the first three semesters, he lost money and was forced to borrow money from his father to pay for necessities. He turned a profit during his fourth semester.

After receiving his MBA, Bacon joined the sales and trading program at Bankers Trust. Later he left the firm and returned to Walter N. Frank & Co. where he traded currencies. Bacon then got a job on the floor of the New York Cotton Exchange, working as a "runner". Bacon later worked as a broker and trader of financial futures at Shearson Lehman Brothers and eventually became the senior vice president for their futures trading division.