Louis Bacon's Favorite ETF Picks
Insider Monkey submits: Moore Capital Management was founded in 1989. It is based in New York, with offices in Washington, D.C., and London. Louis Moore Bacon is the founder and CEO of the company. Bacon has a MBA degree from Columbia Business School. Bacon specializes in taking macroeconomic bets on currencies and bonds. During the first year of foundation, he achieved 89% return by correctly predicting the effects of Gulf war on oil prices. Bacon had a net worth of $1.5 Billion as of March 2010. Bacon has been at the top 20 ranking of Top 100 money earners since the 1990s. According to institutionalinvestors.com, Bacon had made $11.5 Billion profit since inception and ranks 8th among hedge fund managers. Bacon’s portfolio has a high turnover rate. It was 209.8% in March 2010.The firm invests in public equity and fixed income securities across the globe. It employs a global macro-style approach to investing.Complete Story »
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