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This page was last edited on 11 November 2022, at 06:41. The policemen didnt wear nametags. Bacon was mortified and says the chief of police told him that the sergeant in charge of the raid had acted without authorization and that Nygard had put him up to it. Nygard says that he and his guests had merely called the police because, that week, they were exposed to intolerable screeching from Bacons speakers. Mr. Bacon is also the Founder and Co-Chair of The Moore Charitable Foundation, Inc. (Foundation). In court documents, Nygard called the reporting false and asserted that the most damning accusers had been paid off by Bacon, who calls Nygards suspicions baseless., In the summer of 2010, 11 armed Bahamian police officers conducted a raid on Point House, during which Bacons staff were searched and interrogated and his possessionsincluding pictures of his childrenwere photographed. Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist. In 2005, Nygard addressed his parking-overflow problem by laying down a 15-by-20-foot concrete slabon Bacons side of the property line. He was given a job clerking at the specialist firm Walter N. Frank & Co during the summers of his college years. Headquartered in New York, with additional offices in London and Hong Kong, Moore Capital provides investment management services to its institutional and high net worth clients through several privately-offered funds, including two global diversified hedge funds, as well as funds that concentrate in the global fixed income and emerging market sectors. As a former yacht captain, if I am sailing and my owner decides to cross with another boat, the other captain and I wont even refer to our boats owners by name. The multi-hued structures are festooned with thousands of colored lightbulbs. If it were just raw land, Id guess Robins Island would be worth about a $100 million, Corcorans Susan Breitenbach guessed, noting that she has never visited the island. But that was then, and this is now. Recently, Mr. Bacon was recognized for his commitment to conservation with several honors, including the Theodore Roosevelt Conservation Partnership (TRCP) Lifetime Conservation Achievement Award, the Audubon Medal, the Chairmans Leadership Award from the National Fish and Wildlife Foundation and theLand Trust Alliance Presidents Awardfrom1,700 land trusts across the country. In this world, you dont disclose a lot, says Ian Levy, who, with his wife, Charlotte, manages the household staff of seven (more when the Bacons are there). Coiled stone cobras hiss steam at sunset. The fellowship brings together emerging leaders from government, business, and NGOs who . They managed an agreement (via their groundskeepers) on choices of island ficus and bougainvillea to plant along the easement. On his TV is a frozen picture of Bacon bearing the words 5 Lies of Bacon. Outside, on his volleyball court, one of several large signs reads, ITS [sic] TIME TO THROW THE TRASH OUT! Louis Bacon took a bold step that bewildered and shocked many in the world of finance when he announced two months ago that he would be returning $2 billion to investors. He started casing the joint, looking at it as a place to buy, and did nothing. (The road itself he saw fit to name E. P. Taylor Drive.) louis bacon, the billionaire hedge funder and philanthropist, and ken salazar, the former u.s. secretary of the interior, announced yesterday that they have formed a new conservation-minded. In February 2007, the pair married in a civil ceremony in his Manhattan residence. Thats kind of funny when you think about it, particularly since his name is Bacon.. And one mans overflow of parked cars along the driveway on that sleepless neighbors side of the property line is another mans reason to have the section of the driveway that cuts through his property re-graded and rebuilt, adding a dip and tall flagstone walls on either side, leaving no shoulder space for anybody to ever conceivably think of parking there, while also screening the driveway from view. Louis Bacon is a conservation philanthropist and the founder and Chairman of Moore Capital Management, LP established in March 1989. [18][19], In November 2007, Bacon purchased the Trinchera Ranch in Costilla County, Colorado from the Forbes family. People he employed posted an elaborate series of YouTube videos and launched fake news Web siteswith names such as Bahamas Citizen and Bahamas Nationaldevoted to ruining Bacons name. Eddie Lampert, Louis Bacon and James Dinan are the latest drop-offs. [10], In May 2011, Bacon obtained a court order in Great Britain, where he owned property, compelling the Wikimedia Foundation, WordPress and the Denver Post to reveal the identity of anonymous persons who allegedly defamed him on their websites. 03 - YACHT CLUB AT PORTOFINO 04 - MURANO 05 - CONTINUUM TOWERS 06 - MURANO GRANDE 07 - ICON 08 - APOGEE 09 - ONE OCEAN 10 - SOUTH POINTE PARK Louis Bacon files $50 MILLION defamation suit against The exclusive Bahamas compounda favorite of billionaires and playboyshas been thrust into the spotlight by a a decades-long feud between neighbors Peter Nygard and Louis Bacon. He turned a profit during his fourth semester. Former Interior Secretary Ken Salazar and conservation philanthropist Louis Bacon say super fires should not be the new normal. He attended Middlebury College in Vermont where he received his BA in American literature, graduating in 1979. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. Peter Nygard is a force for good.. From college to career, Bacon founded Moore Capital Management and The Moore Charitable Foundation, making smart investments in financial markets and the environment. [2] He subsequently received his MBA degree in finance at Columbia Business School in 1981. A squadron of peacocks strut on the grounds. Im into a lot of other kind of design, the New York designits more techy, he says. "[11][15] Automattic, which owns WordPress, said Bacon would need a court order but agreed to remove any defamatory material from its websites. Bacon sought the order so that he could launch defamation proceedings against online commenters he alleged to have posted libelous material about him on these websites. [16] Nygrd and Bacon had been previously engaged in a protracted legal dispute over two adjacent properties they own in the Bahamas. Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist. He is famous in the Bahamas. The signs are easily seen from the Bacon familys breakfast nook. They ended up getting somebody else to come find us. (Nygard says that Bacons then wife was most appreciative and that he has never been interested in Bacons house.). Bacon has two luxury craft: a 74-foot 1954 Marinette Marine Corp. vessel docked in New Suffolk, and 'Kanga' a 38-foot boat he keeps on Robins Island. Louis Bacon and New Mexico Senator Martin Heinrich advocate for a new approach to fighting wildfires in the American West. Bacon announced he was closing his hedge fund and returning outside investors' money in November 2019, citing years of "disappointing results.". He had a suction dredge on a floating platform, to move sand onshore, going day and night. Some worried that in rebuilding Nygard Cay he would try to obtain permission to turn the property into a commercial resort or a stem-cell research facility. He sued Bacon over the re-grading project that had created the puddle in the driveway three years earlier and demanded that his neighbor install a security gate where the driveway crosses the property line. Jones and brother Zack, who deployed landed at Soros Fund Management as head trader, threw plenty of business Bacon's way. For comparison, a 42-acre compound, less than one-tenth the size of Robins Island, with far less waterfront, sold in Southampton this spring for close to $145 million. The latter-day Hatfields and McCoys never did mend their faces, although in the end Bacons foundation is famed in the Bahamas for its work conserving the oceanic white-tip shark, while Nygrds NYC headquarters were raided last year by the FBI before he was formally charged with sex trafficking. Bacon and Nygards neighbors prefer to keep a low profile: Count and Countess de Ravenel, of France; the Brazilian re-insurance magnate Antonio Braga; Jane Lewis, wife of the English investor Joe Lewis. The world desperately needs leaders with the courage, drive and political skills to fight climate change and help restore the natural world. Moore Capital's Louis Bacon is running out of ideas amid a volatile macro-economic environment. Reflects change since 5 pm ET of prior trading day. Mr. Bacon is also a member of the Board of Directors of the Foreign Policy Association. As of February 2017, Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400. It had been going on for years, but in 2009, around the time the fire burned down his house, it really got out of control. He previously held positions at Walter N. Frank & Co., a NYSE specialist firm, and at Bankers Trust. Nygard says the accretion to his acreage was brought about by a severe change in ocean currents in the 1990s, and points to a study he commissioned that concluded his dredging had little impact on the coastline. Hedge fund billionaire Louis Bacon did so at a cost of $400 million--and his privacy. Then there was his Georgian town house in Knightsbridge (before he sold it), not to mention spreads he still owns in Panama, New Mexico, and North Carolina, as well as his 172,000-acre Colorado ranch, which, when he purchased it from Malcolm Forbess family for $175 million, in 2007, became the most expensive American residence ever. You have to take off your top if we go, he jokes with one of the ladies, flipping his hands upward from his shoulders to pantomime. But no. What it did to his side I wasnt really interested in.. This was my dream, my life wrapped up in here. But tonight hes still having fun. If you have any problems, any concerns, any annoyancesjust ask me direct Im sure we can work them out amicably., To which Bacon replied, You are the one with the various lawsuits against me Peter, so I find this quizzical. [12][13], Legal experts did not believe the order was enforceable in the United States because of its policy related to freedom of speech. Ann Colley, Director of Public Relations and Charitable Giving at Moore Capital Management, is the Executive Director and Vice President. [2][3] Bacon met Walter Frank while he was working on a fishing boat on Long Island. Two years later, Bacon dealt with his long-standing irritation with the noise from Nygards parties by installing industrial-grade speakers at the edge of his land and pointing them at Nygard Cay at night. He also serves on the Leadership Council of the Center for Public Leadership at Harvard Kennedy School and is a member of the Corporate Fund Board of the Kennedy Center. I will save something on the brokers commission and you are the most interested party. To revist this article, visit My Profile, then View saved stories. But I agree with it. Has he bankrolled it? [30], Bacon owns the Trinchera Blanca Ranch located in the San Luis Valley. The pair live in the Clifton Bay area of the Bahamas. He also owns a grouse moor in Scotland and a hunting lodge in the North of England. In January 2015, he leveled a $100 million defamation complaint against Nygard in New York, where both mens businesses are headquartered. Around the same time in 1989, Wickhams descendants sued to regain control of the island, which they claimed had been stolen from their family. 7 He has owned many yachts, all named Aviva. My wife called him, and he came over to our house. But it may very well be the most valuable private estate in all of the Hamptons and the most untouchable. Later he left the firm and returned to Walter N. Frank & Co. where he traded currencies. I moved to Nygard Cay because its the most beautiful property in the world, and it happened to be that to get to it I had to go through Lyford Cay., The Lyford Cay Cluba golf-and-tennis facility with a majestically frayed pink clubhouseis the social hub of the community, and according to members, Nygard was discouraged from applying by people who broached the matter on his behalf with the membership committee. Hedge fund billionaire Louis Bacon's gardener is found in the buff and in the Jacuzziand also dead. Best Restaurants in Fort Lauderdale Snyder secured the mans testimony and has sought access to the recordings, which he claims show Nygards involvement in the harassment campaigninstructing employees on what he wants their YouTube spots to contain, for instanceas well as Peter Nygards meetings and interactions with Bahamian officials regarding construction at Nygard Cay, and Mr. Nygards donation of money to Bahamian politicians, according to Feralios attorney. 2023 Forbes Media LLC. It has reached a point where neither man, though each used to consider Lyford Cay his rightful home, spends much time there anymore. He has never denounced his great-grandfather, Smith says. Moore Capital Management; Gary Gershoff/WireImage, 2023 NYP Holdings, Inc. 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