Moore Capital's assets under management have fallen over the last 10 years to $8.9 billion as of the end of 2018, according to The Financial Times.
Hedge fund legend Louis Bacon is planning to close Moore Capital Management after leading the firm for about 30 years, according to The Financial Times. The closure comes on the back of years of weakening performance and investors pulling capital from the firm's global macro funds, the FT reported. Several other large firms have either wound down funds or closed their doors to outside capital this year, including David Tepper's Appaloosa Management and BlueMountain.
Hedge fund legend Louis Bacon is planning to close Moore Capital Management after leading the firm for about 30 years, according to The Financial Times. The closure comes on the back of years of weakening performance and investors pulling capital from the firm's global macro funds, the FT reported. Several other large firms have either wound down funds or closed their doors to outside capital this year, including David Tepper's Appaloosa Management and BlueMountain.
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