- 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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