Categorized | National News

Louis Moore Bacon’s Comeuppance?

The Clifton Review

The Clifton Review is a bi-weekly column that examines the question of the Clifton project along with the evolution of the war between two billionaires, the links to unsavory characters, the use of the courts for personal agendas, the involvement of a political party, and the attacks on the Government of The Bahamas.

We covered the start of this war with articles describing the battle over easement rights, the mysterious burning of a home, the blocks to rebuilding, and countless questionable court filings. This series of articles asks the needed questions and presents the arguments in full.

By P.J. Malone

It appears that hedge-fund billionaire Louis Moore Bacon is having some business challenges with his company Moore Capital Management. Unfortunately, thirty employees are bearing the brunt of it having been let go. Various news outlets have reported on the woes Louis Moore Bacon is experiencing.

Moore Capital Management was started by Louis Moore Bacon as a private ‘investment management’ company. Bottom line, it makes money from other people’s money. It takes the money of rich people—usually—and invests it in various ways. Moore Capital Management charges a fee for doing this.

Whether your money makes money or loses money, the company gets paid; and apparently, there hasn’t been much money making lately. In fact, it was reported that Moore Capital Management’s largest investment fund was in the red by almost four percent in the third quarter of 2016 when it reduced its management fees late last year.

It appears that some rich people are getting tired of paying for nonperformance, as cited in the 2016 article, “Moore Capital Said To Cut Fees on Flagship Macro Managers Fund”, from this investment industry news source—finalternatives.com:

“The financial crisis ushered in the first phase of pricing pressure, followed by several years of disappointing performance which, in the face of large fees and a low-return environment, has prompted large investors to question whether they have been getting their money’s worth from the hedge fund industry.

So far in 2017, Moore Capital Management flagship fund is losing money. Now, Moore Capital Management has cut its staff in New York and London by seven percent.

However, as another news outlet (oianews.com) reports, “Hedge funds, on average, returned 3.7 percent through the first half of the year, according to data provided by HFR. Their performance is eclipsed by the S&P 500, which gained 8 percent over the same period.”

So what are we to make of Louis Moore Bacon’s business woes? Could it be his comeuppance—“deserved reward or just deserts, usually unpleasant”—for his ‘bad’ behavior?

There is a popular saying, ‘what goes around comes around’, that could be applicable here. The thing is, when we get our comeuppance for something we may have done against someone, it doesn’t necessarily return to us in the exact same way. We may simply have unpleasant experiences.

Maybe Bacon should focus more of his attention on his business and less on trying to destroy fashion mogul Peter Nygard.

Because, ‘Like attracts like’. Bad energy attracts more bad energy. In other words, if Bacon spends so much of his time dreaming up new and wicked attacks on Peter Nygard, that is the energy he is generating; and it can’t help but be infused in his business and everything around him.

What does it say about a person to be so obsessed with his neighbour that all he does is dream up ways to annihilate him?

It is a dangerous game that Louis Moore Bacon is playing. Can you imagine hating someone so much that you go to the extreme of trying to set up him to wrongly accuse him of a murder plot?

The thing that Bacon has to be most careful of though is the fact that all of his plots blow up in his face. It suggests that Peter Nygard has found favor.

As it appears, no matter what Louis Bacon has attempted to do to destroy Peter Nygard, Peter Nygard brushes it off and continues on his way.

News reports show that Nygard’s fashion business continues to grow and exceed expectations while news reports show that Bacon’s business is in decline.

Louis Bacon, it appears as though you could benefit from a lesson or two from Peter Nygard. After all, Peter Nygard’s business is on the rise while yours is in decline.

Written by Jones Bahamas

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