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Investing legend Louis Bacon will reportedly close his flagship Moore Capital hedge fund to outside investors

louis bacon

  • The hedge fund legend Louis Bacon is planning to close Moore Capital Management to outside investors, according to the Financial Times.
  • The closing comes on the back of years of weakening performance and investors pulling capital from the firm’s global macro funds, the Financial Times 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.
  • Visit the Business Insider homepage for more stories.

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Source:: BusinessInsider.Com