Moore Capital Management

Moore Capital Management LLC is an American hedge fund sponsor-owned by its employees. It was founded in 1989 by American billionaire Louis Moore Bacon. In 2011, MCM's largest funds were the $7.4 billion Moore Global Investment Fund, and the $4.6 billion Moore Macro Managers Fund.

MCM was founded and headquartered in New York, New York. MCM has 429 employees worldwide with satellite offices in New York, London, Zurich, Hong Kong and Washington, D.C.. MCM maintains six offshore funds and domestic equivalents of its largest funds. As of the end 2010, its fund's values were valued at: Moore Global Investments and Remington combined; $8.2 billion, Moore Macro Managers; $4.3 billion; Moore Emerging Markets; $1.5 billion. The remaining three funds each in possession of between $81 million and $324 million.

MCM is characterized as a global macro investor, utilizing macroeconomic themes, cash, futures and derivatives in its portfolios. Bacon, its founder, participates in most of the global markets, basing his moves on his evaluation of the future trends of inflation, economic growth, central bank policy and national politics. He then determines what themes and investments to play based on data from his strategists and researchers.

Moore Capital Management MCM was founded by Bacon in 1989, who launched Moore Global Investments in 1990 using the $25,000 he inherited from his mother and named the company using his middle name.

MCM's first investor was Antoine Bernheim, president of Dome Capital Management, who in 1990 accounted for $1.5 million of MCM's initial $1.8 million in assets and redeemed his investment in 2009.

MCM launched the Moore Macro Managers Fund in 1993 and is led by 14 manager teams. From 1993 until 2009, the Macro Managers fund held the name, Moore Global Fixed Income Fund. Until 2002, Bacon himself was very much involved in the management of the fund but later it became a macro fund and the name was revised accordingly. Between 2002 through 2005, its assets under management grew to $4 billion from $1.8 billion. The fund has not had any down years and has compounded at 15 percent annually through 2010. The firm might cap the fund soon, when it reaches $4.5 billion to $5 billion.

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