Louis Bacon Moore Family Office
Louis Bacon Moore Considering Converting to Family Office
If Louis Bacon Moore decides to follow through and become a family office he would still not be the most high-profile example of what could be a growing trend among hedge fund managers. George Soros made headlines when he decided to close his hedge fund to outside investors and become a family office last year.
Amid the tumult, the Dodd-Frank legislation now requires Moore and other large hedge funds to register with the Securities and Exchange Commission and provide details about their risk management, trading, and disciplinary records. Bacon is loath to reveal any of it.
That has prompted him to reconsider the way he has done business for more than 20 years, according to associates. Some, in fact, believe that in the coming years Bacon may transform Moore into what’s known as a “family office,” a far smaller operation primarily managing Bacon’s own capital as opposed to that of outside investors. “Louis has been talking about becoming a family office for at least two years,” says one investor, adding that Bacon considers the new disclosures required by the Dodd-Frank Act to be “a problem.”
Says a Moore official: “We are registering.” The official adds that the company will send an initial round of paperwork to the SEC in the coming days.
Additional details on Moore’s inner workings are liable to throw a spotlight on the troubles it has grappled with in recent years. Source
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