In his mirrored gym, which now functions as the dining room, he eats dinner and downs the contents of a meticulously marked Baggie full of pills handed to him by a young personal assistant. 6 He is an art collector. Louis Bacon, the billionaire hedge funder and philanthropist, and Ken Salazar, the former U.S. Secretary of the Interior, announced yesterday that they have formed a new conservation-minded political group, called Americas Conservation PAC, which is dedicated to strengthening our nations long-standing, bipartisan tradition of conserving lands and cultural resources for [], Louis Bacon, the 55 year old founder and Chief Executive Officer of Moore Capital, a man Forbes estimates is worth $1.4 billion, recently completed a deal to acquire New Mexico ski resort Taos. His Colorado donation of 167,000 acres on the Trinchera Blanca Ranch to the US Fish and Wildlife Service was the largest it ever received. I lost that recipe. Hedge fund billionaire Louis Bacon did so at a cost of $400 million--and his privacy. Yesterday, Moore Capital boss Louis Baconalong with four other plaintiffs--filed a suit in []. ), even though his lots location at the tip of the peninsula meant that it was not deeded within the L.C.P.O.A. Today, Robins Island provides a safe haven for threatened local shorebirds, including terns, piping plovers, sandpipers and oystercatchers. I might have done that. My wife called him, and he came over to our house. One of Wall Street's macro-trading legends, Louis Bacon cut his teeth as a commodities and currencies trader, earning big profits in the 1987 crash. Earlier this year, he enlisted the help of Sitrick and Company, a Los Angeles P.R. The battle between hedge-fund billionaire Louis Bacon and clothing magnate Peter Nygrd escalates with accusations in a New York court. Mr. Bacon is also the Chairman of The Moore Charitable . I dont know if theres any substance to it, but I was told Captain Kidd buried treasure there. Headquartered in New York, with additional offices in London and Hong Kong, Moore Capital provides investment management services to its institutional and high net worth clients through several privately-offered funds, including two global diversified hedge funds, as well as funds that concentrate in the global fixed income and emerging market sectors. The pair live in the Clifton Bay area of the Bahamas. In a legal filing, Nygards lawyer characterized them as military-grade speakers that blared dangerous, pain-inducing sound waves toward Mr. Nygards home., It was supposed to create white noise on my side, but that didnt work, Bacon says. That mystery owner is 64-year-old billionaire financier Louis Bacon, who purchased Robins Island in bankruptcy court in 1993 for a mere $11 million. [30], Bacon owns the Trinchera Blanca Ranch located in the San Luis Valley. Nygard, the suit alleges, has been the ringleader behind a vast multi-media smear campaignTV and radio ads purchased, Web sites created, videos doctored, T-shirts printed, and even hate rallies staged with parades through Nassauall in the name of labeling Bacon a racist, a thief, and a terrorist, and bearing messages such as BACON GO HOME. 03 - YACHT CLUB AT PORTOFINO 04 - MURANO 05 - CONTINUUM TOWERS 06 - MURANO GRANDE 07 - ICON 08 - APOGEE 09 - ONE OCEAN 10 - SOUTH POINTE PARK Louis Bacon files $50 MILLION defamation suit against The exclusive Bahamas compounda favorite of billionaires and playboyshas been thrust into the spotlight by a a decades-long feud between neighbors Peter Nygard and Louis Bacon. You have to take off your top if we go, he jokes with one of the ladies, flipping his hands upward from his shoulders to pantomime. Bacon landed at Shearson Lehman Hutton in 1983 as a futures broker, trading on behalf of some of the biggest names in the hedge fund world. In 1962, when President Kennedy flew to Nassau for a series of private world-ranging talks with the British prime minister Harold Macmillan, he stayed at Taylors house and the P.M. stayed next door. But not all of Bacons land deals work out quite so well. A second estate in Lyford Cayfor spillover guests or staffhas an indoor squash court. The case was eventually settled. Sacconaghi is a Canadian socialite and art adviser. There was also the matter of sand. Was Tiffany involved? He is obsessed with longevity. He has never denounced his great-grandfather, Smith says. Louis funded our litigation against the factory-farm industry while he was constantly running into the head of Smithfield in his elevator, because they lived in the same building on Park Avenue, Kennedy says. But his hearts as big as Shamu the whale. Nygard is well known throughout the Bahamas for his financial support of the countrys Olympic running squads, among many other charities. The policemen didnt wear nametags. Bacon was mortified and says the chief of police told him that the sergeant in charge of the raid had acted without authorization and that Nygard had put him up to it. Nygard says that he and his guests had merely called the police because, that week, they were exposed to intolerable screeching from Bacons speakers. They managed an agreement (via their groundskeepers) on choices of island ficus and bougainvillea to plant along the easement. [5], After receiving his MBA, Bacon joined the sales and trading program at Bankers Trust. What it did to his side I wasnt really interested in.. The whole thing began over a puddle in a driveway. Photo by Charles Eshelman/FilmMagic/Getty Images. North Havens John Diat, 59, said that the waters around Robins are famed for their fishing but hes less certain about what might happen on the island itself. The pool and gazebo at Nygards six-acre estate. 10 He resides in Lyford Cay in the Bahamas. Nygard says that he has not seen the footage and that his lawyers dispute this account. As a former yacht captain, if I am sailing and my owner decides to cross with another boat, the other captain and I wont even refer to our boats owners by name. Nygard says the accretion to his acreage was brought about by a severe change in ocean currents in the 1990s, and points to a study he commissioned that concluded his dredging had little impact on the coastline. Bacons hedge fund is name-checked, too: MOORE CAPITAL MANAGEMENT. Bacon's environmental preservation-focused Moore Charitable Trust was defrauded out of $25 million by jailed banker Andy Caspersen. (He bought the entire 445-acre island in 1993 for $11 million.) Nygard and one of the outsize lion heads at Nygard Cay, 2015. Nygard says he plans to appeal. Youve probably never heard of Robins Island, a teardrop-shaped islet half the size of Central Park in the Great Peconic Bay on the East End of Long Island. But the very fact that area brokers, who make it their business to know the ins and outs of the Hamptons best estates, are foggy on its structures and amenities illustrates just how thick the veil of mystery is surrounding Robins Island. It was Bacon's second marriage. It Was Catastrophic: Inside Prince Andrews Misguided Bid to Explain Away Epstein, In the wake of Jeffrey Epsteins arrest and apparent suicide, Prince Andrew moved from the fringe of a swirling underage-sex scandal toward its white-hot center. Louis Bacon, founder of The Moore Bahamas Foundation, an affiliate of The Moore Charitable Foundation (MCF), pledged $1m for a combination of short-term and long-term hurricane relief and reconstruction following the devastation caused by Hurricane Dorian. Forbes magazine named Louis Bacon as the 746th . His personal wealth is estimated to be over $1.5 Billion and his hedge fund Moore Capital Management has AUM close to $15 Billion. The Foundation and its affiliates support non-profit organizations that work to protect land, habitat, and water resources in specific geographic priority areas including Southern Colorado, Northern New Mexico, Long Island, Eastern North Carolina, The Bahamas, and Panama. Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400 as of February 2017. Theyre not parties the typical Lyford Cay family is having with their grandchildren. In July, the judge assigned to the case issued a ruling limiting Bacons complaints to alleged smears that were published in mid-January 2014 or laterleaving him with 30 of the original 135 claims against Nygard. The man has a multi-million-dollar yacht, and his marina was silted up, his lawyer in Nassau, Keod Smith, says. [12][13], Legal experts did not believe the order was enforceable in the United States because of its policy related to freedom of speech. Bacon grew up in a wealthy real-estate-business family in North Carolina, boarded at Episcopal High School, in Alexandria, Virginia, and graduated from Middlebury College (where he is now a trustee) and Columbia Business School. He sued a former associate for claiming that Nygard had deliberately hired celebrity lookalikes to attend his Oscar party, according to the lawsuit. A lot of us in the old line viewed him as a curiosity. [20] In 2010, Bacon purchased the Orton Plantation in North Carolina, which was built in 1735 by an ancestor, Roger Moore, son of James Moore. He had a suction dredge on a floating platform, to move sand onshore, going day and night. Some worried that in rebuilding Nygard Cay he would try to obtain permission to turn the property into a commercial resort or a stem-cell research facility. The court granted Bacon's application to serve a Norwich Pharmacal Order by email against these websites. Many have been asked to accomplish the task while playing "Six Degrees Of Kevin Bacon," [], Master of Business Administration, Columbia Business School; Bachelor of Arts/Science, Middlebury College. Jerry Falwell Jr. was the Trump-anointing dark prince of the Christian right. SueLyn Medeiros and Nygard at Bahamas Fashion Week, in Nassau, 2008. By Eric. I will save something on the brokers commission and you are the most interested party. Nygard has filed multiple lawsuits, and the CBC has removed the piece from the Internet. ), Nygard vows he will never sell and says that he has never met anybody that smart, that competitive, in my life. Then, in October, the judge dismissed Nygards counterclaim against Bacon, writing that it constituted merely an attempt at retaliation, which is prohibited by the courts. He also blamed Bacon for an unflattering documentary that ran on the Canadian TV series The Fifth Estate in 2010, titled Peter Nygard: Larger than Life. It wasnt vengeance, he says. As of February 2017, Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400. How exactly did the alleged illegal activity go down? Even the Levys uniforms are low-key: matching polo shirts with the Point House logo, a simple childs drawing of a cottage. A key component of Bacons defamation suit, which his attorney, Orin Snyder, vows will have its day before a jury, is a 1,000-hour cache of footage shot by Nygards personal videographer, Stephen Feralio. Listen, Lyford Cay is not St. Tropez., Nygards supporters say his parties do stand out, because theyre full of people who wouldnt otherwise be in Lyford Cay. This is not a man you just phone up to tell him that a leafs fallen off a tree. Hedge fund giant Louis Bacon was honored for his land conservation at the star-studded National Audubon Society's gala dinner in New York. They searched the house for guns; there werent any, Ian Levy, Bacons property manager, says. Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist. Bush.) He dated Anna Nicole Smith for several years. The Tao of Taos: Can Louis Bacon Make New Mexico's Soulful Ski Valley a Downhill Mecca? As for the real estate value of Robins Island even in a Hamptons market that is out of control with almost nothing available, according to Breitenbach neither Bacon nor his heirs will ever be able to cash in via development. Peter Nygard is a force for good.. Bacon and Nygards neighbors prefer to keep a low profile: Count and Countess de Ravenel, of France; the Brazilian re-insurance magnate Antonio Braga; Jane Lewis, wife of the English investor Joe Lewis. Louis Moore Bacon is a hedge fund manager and philanthropist. In a series of exclusive interviews, Falwellaccompanied by his wife, Beckidescribes the events that led to his ouster, their fallout, and why hes finally ready to admit he never had much use for his fathers church anyway. And more! This was my dream, my life wrapped up in here. But tonight hes still having fun. Giant urns belch smoke like volcanoes. But I agree with it. Has he bankrolled it? [26], In 1992, Bacon created The Moore Charitable Foundation (MCF) to provide financial support to nonprofit organizations that work to preserve and protect wildlife habitat and improve water systems. While neither the notoriously press-shy Bacon nor his philanthropic Moore Charitable Foundation would comment to The Post, a spokesman did make clear that regular hunting parties and celebrity sightings on Robins Island were no more than idle gossip.The official word about Buffett, for instance, is that no one knows anything about the king of the Parrotheads ever dropping by for a friendly visit. Peter Nygard is a hard-partying retail tycoon, whose estate is fit for a Mayan emperor. He sued the government. Since 1994, he has contributed $175 million to conservationist causes, including funds to prevent Clifton Bay, a coral-lined stretch abutting Lyford Cay, from being developed as a subdivision anchored by a casino. Now it kind of looks like what the English call a ha-ha: the road drops and it feels more private. The circumstances don't appear suspicious until Bahamian police also find some. In August 2010, just after the police raid, Nygard wrote to Bacon in an e-mail, LouisAre you sure its worth it to escalate this Bahamas scrimmage? But Nygardwho has estimated that he spends a good 5 percent of his day battling Baconwasnt interested. Louis Bacon is an American investor and hedge fund manager who founded Moore Global Investments in 1989, which is a New York-based hedge fund with a Q4 13F portfolio worth over $5 billion, as. Louis Bacon the bilRead More Hedge Fund Giant Louis Bacon's Bold Mission To Save The American West In the main lodge of his Trinchera Blanca ranch in Colorado, Louis Bacon, the founder of the giant hedge fund firm Moore Capital Management, takes in his pristine and wild 172,000-acre tract from a plush leather chair. Resting off the coast of Long . An easement is what the driveways creator, the developer E. P. Taylor, a Canadian brewing tycoon, termed this shared passage when he established Lyford Cay in 1955. In addition to his residence on the Upper East Side, he owns a weekend home on Robins Island, off the coast of Southampton, Long Island, where he hosts polo matches and driven-pheasant shoots. Started in 1992, the Foundation supports conservation non-profits that ensure the preservation of land, water and wildlife habitats for future generations. Elena Ambrosiadou, founder of hedge fund, Ikos, owns one of the most luxurious super yachts ever made. 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