Who Is Louis Bacon. Louis Bacon, who's almost as famous for feuding with Canadian fashion tycoon Peter Nygard as he is for running one of the world's most successful hedge funds, is throwing in the towel as an. Peter Nygard is a force for good.. When you join or go into somebody elses house or the land, you need to obey their own rules; you need to conform to whatever their standards are, Nygard says. Even the Levys uniforms are low-key: matching polo shirts with the Point House logo, a simple childs drawing of a cottage. The Moore Charitable Foundation, founded by lifelong conservationistLouis Baconin 1992, is a family foundation that works to preserve and protect natural resources for future generations. Pokmon TCG Sword & Shield S3a Legendary Heartbeat Booster Box. Right in Bacons front yard! Ospreys flourish and at least one pair of bald eagles are known to have mated on the island, while animals (the eastern mud turtle) and plants (seabeach knotweed) otherwise endangered can be seen thriving in the restored environment on Robins Island. It is less a driveway than a roadbut also a portion of road that is shared by both neighbors and nobody else, owing to how it cuts right through one mans property and ends at the other mans, which occupies the westernmost tip of the island. (The road itself he saw fit to name E. P. Taylor Drive.) Mr. Bacon is also the Founder and Co-Chair of The Moore Charitable Foundation, Inc. ("Foundation"). Boats to the island depart from the North Sea Harbor in Southampton. I had some of my boats out there. This page was last edited on 11 November 2022, at 06:41. Its not the first time Bacon has preserved insanely valuable real estate. You know that song, Someone left the cake out in the rain? Ill never have that recipe again. Hes got no idea how much money he put into it the first time. And were talking about a land of eight-figure beachfront properties, where the houses are very close to each otherwhere one mans dining room is only about 200 feet from the others revolving acrylic discotheque floor and the glass walls that enclose it with a steady cascade of water. He reminds me of Hitler., Peter Pinocchio, Bacon calls Nygard in an open letter he published in the Bahamas Tribune, noting his habit of playing footsie with the truth.. For better or worse, says Bill Hunter, a former Lyford Cay Club chairman, when you look toward Nygards place at night from across the bay, its like a cruise ship, all the lights and torches blazing. hoods and carried anti-Bacon signs, said he came up with the idea after he noticed, on some New York library or historical-society Web site, that someone with the same name as Bacons mother mentioned that her grandfather had been a Klan leader in North Carolina. one goal in mind--to make it America's next great downhill mecca. In this world, you dont disclose a lot, says Ian Levy, who, with his wife, Charlotte, manages the household staff of seven (more when the Bacons are there). But unlike his peers, who have built out-of-scale, Bond villain-esque lairs in the Hamptons, South Florida, Beverly Hills or Aspen, Bacon gave his fortress of solitude to the birds. Meanwhile, Lyford residents and the L.C.P.O.A. Moore Capital, founded in March 1989, is a private investment management firm that invests in the global financial markets and private equity markets. Im one of them., So was the first President Bush, who struck up a friendship with Nygard after Nicholas Brady took him to Nygard Cay once to marvel at the place. I am putting my holiday property on the market as it was intended for relaxation and enjoymentit has become anything but thanks to you. Recently, Mr. Bacon was recognized for his commitment to conservation with several honors, including the Theodore Roosevelt Conservation Partnership (TRCP) Lifetime Conservation Achievement Award, the Audubon Medal, the Chairmans Leadership Award from the National Fish and Wildlife Foundation and theLand Trust Alliance Presidents Awardfrom1,700 land trusts across the country. He is the founder of Moore Capital Management, one of the leading investment firms in the trading industry. Hedge fund billionaire Louis Bacon's gardener is found in the buff and in the Jacuzziand also dead. 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. They divorced in 2002, after having four children together. 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. [2][4][6], In 1987 Bacon founded Remington Trading Partners. Its simply your owner and my owner. Even so, he does acknowledge that a sitting queen and a former king have been guests of the Bacons. He is the rare wealthy businessman who sees the environment as a battleground, says Robert F. Kennedy Jr., of the Waterkeeper Alliance lobbying group, a favorite charity of Bacons. He sued a former associate for claiming that Nygard had deliberately hired celebrity lookalikes to attend his Oscar party, according to the lawsuit. I had to move the business as a fiduciary. He talks about the virtues of exercise and healthy eating, and he takes about 50 pills a dayvitamins, supplements, pharmaceuticals, he says. But dont worry too much about Bacon: he still has Captain Kidds treasure to fall back on. 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. 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And around it, the adjacent properties are dark., From time to time I see the procession of people coming to his partiesmotorcades full of these attractive girls, says Jean-Charles de Ravenel. Last night, the famously private hedge fund tycoon Louis Bacon, let down his guard about loving the land. They ended up getting somebody else to come find us. (Nygard says that Bacons then wife was most appreciative and that he has never been interested in Bacons house.). It would mean returning all that sand to the Bahamas rightful seabed, shrinking his property back down to its original dimensions. On another is Bacons face with the word CRIMINAL stamped over his forehead. Click here for a larger version of our map of billionaire/celebrity networks. In February 2007, the pair married in a civil ceremony in his Manhattan residence. Now it kind of looks like what the English call a ha-ha: the road drops and it feels more private. Legendary trader Louis Bacon told his investors on Thursday that he would be closing his big multi-manager hedge funds, another signal of the increasing difficulty traders are having making. Mr. Bacon currently serves on the Board of Overseers at Columbia Business School. Photo by Charles Eshelman/FilmMagic/Getty Images. New York hedge fund billionaire Louis Bacon announced today his intentions to donate 90,000 acres of land in Colorado toward the creation of the Sangre de Cristo Conservation Area. Many from Lyford Cay would celebrate their weddings, anniversaries, and other special events at Nygard Cay, or bring their V.I.P. Mr. Bacon is also the Chairman of The Moore Charitable . At Lyford, there isnt a mechanism to deal with that kind of ostentatiousness. Hes struggling to get approval to rebuild from the Bahamian government but may want the next iteration to resemble a spaceship. And it had mosquitoes. He sued Bacon over the re-grading project that had created the puddle in the driveway three years earlier and demanded that his neighbor install a security gate where the driveway crosses the property line. Louis doesnt like attention in the first place, says his college friend and Lyford neighbor, Chris Brady. Ann Colley, Director of Public Relations and Charitable Giving at Moore Capital Management, is the Executive Director and Vice President. They featured unsubstantiated assertions that Bacon ran an international drug-smuggling operation, was a member of the K.K.K., had been charged in one of the biggest Wall Street insider trading cases ever (a CBS News clip on Raj Guptas infamous case had been altered, with Bacons name spliced in to replace Guptas), and was involved in murdering the Point House caretaker, Dan Tuckfield (who had died of a heart attack in the estates hot tub), after commissioning him to set the fire at Nygard Cay. The fellowship brings together emerging leaders from government, business, and NGOs who . What Nygard has accused me of is beyond the pale, Bacon says. Nygard filed a counterclaim and tells anybody who will listen that Bacon is trying to destroy him out of a simple desire to take over his property, claiming that some years agoNygard cant recall whena real-estate agent came to his house on Bacons behalf and offered $100 million for the place. 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. Hes also mortified to have his public identity joined with his antagonists. In the late 1980s, Suffolk County nearly purchased it to help preserve the land which was one of the last largely undeveloped areas on the East End but politics got in the way of a deal. Longtime trader and hedge fund manager Louis Bacon is planning to return capital to investors after 30 years of investment. [2] He subsequently received his MBA degree in finance at Columbia Business School in 1981. we used to be friendswhat happened? Elena Ambrosiadou, founder of hedge fund, Ikos, owns one of the most luxurious super yachts ever made. 8 His latest yacht has an indoor paddle tennis court. Eddie Lampert, Louis Bacon and James Dinan are the latest drop-offs. There was also the matter of sand. In a glass-tower office, framed by views of the Manhattan skyline and the Hudson River, Bacon, 59 years old and sitting tall in a chrome-and-leather chair, is surrounded by trading screens, clocks set to the times of various overseas markets, squash and yachting magazines, model aircraft. All rights reserved. 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. [14], In early 2019, it was reported that Peter Nygrd had filed a complaint with the U.S. Federal Court in Manhattan alleging that Bacon had violated sections of the Racketeer Influenced and Corrupt Organizations Act. Both are locked in an eight-year legal war with each other that has turned each man's paradise into hell. 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 dont know if theres any substance to it, but I was told Captain Kidd buried treasure there, the sailor, who asked to remain anonymous, said. A sailor in Montauk dressed in a dark tan safari vest and truckers cap emblazoned with the word CASH added that he has heard urban legends about Robins Island. This is not a man you just phone up to tell him that a leafs fallen off a tree. He was giving himself testosterone shots every other day and made arrangements with a lab to receive regular injections of his own stem cells. And one mans overflow of parked cars along the driveway on that sleepless neighbors side of the property line is another mans reason to have the section of the driveway that cuts through his property re-graded and rebuilt, adding a dip and tall flagstone walls on either side, leaving no shoulder space for anybody to ever conceivably think of parking there, while also screening the driveway from view. They all consider driving to town for the parade celebrating Junkanoo, a national holiday. Donald Trump to Evangelicals: You Cant Break Up With Me Because Im Breaking Up With You First, Reality Is Submerged in Fantasy: The Villages Is a Boomers UtopiaAnd Demographic Time Bomb, All the Ways Donald Trump Will Probably Handle Ron DeSantis in 2024, Inside Wealth-Conference Con Man Anthony Ritossas Wild Web of Lies, How Screwed Are Donald Trump and His Adult Children, and Other Questions You Might Have About the Staggering Fraud Lawsuit Against Them. Yesterday, Moore Capital boss Louis Baconalong with four other plaintiffs--filed a suit in []. 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. 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. Legal experts suggested compliance with the orders was unlikely, given the US tradition of freedom of speech, and the fact that US courts typically required "actual evidence or sufficient allegations of libel" before granting similar orders. I used to see him out there in his front loader.) Even with the main house at Nygard Cay mostly in ruins six years after the firethe grand staircase that ran through it is now more of an open-air gangwaytheres still plenty to marvel at: carved dragons, 60-foot ziggurats with hundreds of torches lit individually every night by his staff, giant statues of nude women modeled on his former girlfriends, and what he claims is the worlds largest sauna, a 6,000-square-foot A-frame lodge constructed of Canadian-pine logs that are 2 feet thick and 28 feet long. Nygards response to the defamation suit against himon full display in his legal counterclaimhas been to double down and peddle more unverifiable and scandalous stories about Bacon. home while in talks to sign with Cowboys, Conor Kennedy gifts pal Andrew Warren rare Dior purse at Miami bash, The pained life of Riley Keough, Lisa Marie Presleys actress daughter, Penelope Disick rates brother Masons epic sneaker collection: Going to steal, Kitten born with same 'Zorro' mask as her father, Lisa Marie Presley's grave prepped at Graceland across from Elvis', I went to McDonalds drive-thru for lunch but left with bags of cash instead. He ignored Bacons offer and soon hit him with another lawsuit, and the Internet campaign against him was launched. The Klan characterizations were especially incendiary because of the Bahamas history as a hub of the American slave trade. [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. He threw a lot of parties and was always doing construction. He attended Middlebury College in Vermont where he received his BA in American literature, graduating in 1979. Two years later, Bacon dealt with his long-standing irritation with the noise from Nygards parties by installing industrial-grade speakers at the edge of his land and pointing them at Nygard Cay at night. [2] Bacon later worked as a broker and trader of financial futures at Shearson Lehman Brothers and eventually became the senior vice president for their futures trading division. More recently, the property was transferred to a family trust intended to forever prevent further development. Even though theres a custom-made board game called Baconopoly sitting on a credenza, with squares named for all of Bacons properties (Rutland Gate, Coral House), their identities turn out to have been affixed via printed stickers, a utilitarian gift. The signs (which Nygard says have since been taken down) are pointed out toward the water, in case anybody sailing by in Clifton Bay should want to know more about the man. He sued the government. We hired a sound consultant in the U.K. to see if we could somehow muffle the sound from Nygards by emitting a counter-sound, but that proved terribly complicated, so we went and got four huge rock-concert speakers to play something loud in response, Bacons architect, Peter Talty, says. The two men are next-door neighbors in Lyford Cay, a gated community on New Providence, an island in the Bahamas, and for years it had been a peaceful adjacency. 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. They searched the house for guns; there werent any, Ian Levy, Bacons property manager, says. 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. Does Peter like the fact that his beach got bigger? Thanks for contacting us. 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. The international conservation organization celebrates Louis Bacons commitment to forest health across the United States. Nygard is convinced that Bacon orchestrated all his problems with Lyford Cay and the government. Bush.) How hard is it really, to connect Kevin Bacon to other actors? It just tore a heart out of me, Nygard says. Soon afterward, Bacon pulled his three youngest children out of school in Lyford Cay and requested that the 70-person offshore advisement desk that handles his client records be moved out of the Bahamas. Of course he does. Louis Bacon took a bold step that bewildered and shocked many in the world of finance when he announced two months ago that he would be returning $2 billion to investors. They approved it by letter and after a while it sort of grandfathers itself in, he says. Bacon hasnt set foot in the Bahamas in more than a year, claiming it would put his personal safety at risk. [16] Nygrd and Bacon had been previously engaged in a protracted legal dispute over two adjacent properties they own in the Bahamas. He has a lot of them. A lot of us in the old line viewed him as a curiosity. He is the founder and chief executive of Moore Capital Management. Thats totally true, said Cutchogue resident Tonya Witczak, 46. Moore Capital still manages internal money and scored 70% returns in 2020 for Bacon and his employees. Nygard says he wants Bacon to leave Lyford Cay: I think, at this point, it would be better if he did. He would consider nothing less a satisfactory end to their grudge match. Forbes once summed up his investment strategy as secretive, risk-conscious, a bit paranoid. If, on a lark, he were persuaded to read for a movie part calling for a handsome Wall Street kingpin type, hed probably be turned down because the fit seems too perfect to be credible: sculpted mandible, enviably tousled locks. [22], Bacon contributed 500,000 to Britain's Conservative Party between 2010 and 2016. Nygard doesnt deny his participation in the campaign. People were worried about the security of our investors information.. In addition to his work in Colorado, Bacon has helped preserve and protect environmentally sensitive land in New York, North Carolina, and the Bahamas. And in order to come to our place you had to go and wear rubber boots to come and knock on our door, says Peter Nygard, a Canadian manufacturer of womens wear and the neighbor at the end of the road who threw the parties. He is the founder and chief executive of Moore Capital Management. He has poor kids and athletes out to his house every day, says his best friend, Carlos Mackey, who is the host of a sports program on local TV. Mr. Bacon is also a member of the Board of Trustees of the U.S. It is now a security booth and staff office for his estate. Instead, everybody stays up until three A.M. playing poker. Moore Capital Investments didn't perform so well this year, and the major investment return was coupled with the "big cut" in the investment firm. Sacconaghi is a Canadian socialite and art adviser. We've received your submission. Some things you should know about Nygard: His personal history involves emigrating from Finland to Manitoba with his family when he was eight and living out of a converted coalbin. I might have done that. [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. Louis Moore Bacon, whose firm has been caught up in an insider trading scandal today, purchased the beautiful Robins Island back in 1993 for a mere $11 million. The 171,400-acre (694km2) property sold for $175 million. [35], He is the 2013 recipient of the Audubon Medal, given in recognition of outstanding achievement in the field of conservation and environmental protection. The world desperately needs leaders with the courage, drive and political skills to fight climate change and help restore the natural world. He always said he would never be done., Nygard initially joined the Lyford Cay Property Owners Association (L.C.P.O.A. Nygard designed and constructed the compound himself over more than two decades. And somehow, what began in 2007 with a bit of irritation over runoff has escalated to a battle royal encompassing no fewer than 16 legal actions between Nygard and Bacon and their associates, in which both sides are claiming damages in the tens of millions of dollars and lobbing allegations of activities that include vandalism, bribery, insider trading, arson, murder, destruction of the fragile seabed, and having a close association with the Ku Klux Klan. This chart appears in the Mar. "[11][15] Automattic, which owns WordPress, said Bacon would need a court order but agreed to remove any defamatory material from its websites. 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. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. agencies in clover.In one 2015 suit, Nygard accused Bacon of floating $50,000 worth of cocaine in the waters just off shore The bickering has been so prolific that it produced court actions from New York to London to Los Angeles, where a former Nygard employee was accused of stealing video footage for Bacon's benefit.The litigation took its most recent turn on Nov. 15, when the Bahamas Supreme Court sentenced Nygard, 76, to 90 days in prison and fined him $150,000 over his alleged theft of . Its quiet money, says David Laughlin, a New York financier (second-generation Lyford) and chairman of the Lyford Cay Club. Robins Island, the private estate of finance billionaire Louis Bacon (inset), could be worth as much as $500 million, local brokers said. Reclusive billionaire Louis Moore Bacon is emerging from the shadows in a southern Colorado showdown over solar-power transmission lines. [27] Bacon has donated more than one million dollars to the environmental non-profit organization Riverkeeper. Bacon says the description of his great-grandfather as a Klansman was news to him, and adds that all his life hed been taught instead about one ancestor, a Colonel Roger Moore, who stood down an angry mob to protect black prisoners from being lynched during the Wilmington, North Carolina, race riot of 1898. The latter-day Hatfields and McCoys never did mend their faces, although in the end Bacons foundation is famed in the Bahamas for its work conserving the oceanic white-tip shark, while Nygrds NYC headquarters were raided last year by the FBI before he was formally charged with sex trafficking. Louis Bacon, 62, has accused neighbor Peter Nygard, 72, of hiring two hit men to kill him Bacon and his conservation nonprofit have been trying to block Nygard's attempts to expand his 150,000 sq . Its impossible for natural accretion to build a beach this size on a point, Romi Ferreira, a local ecologist and an attorney for the group, says, noting that Nygards southern flankon the bay sideconstitutes an especially egregious addendum. I lost that recipe. HMCo #583s Gamecock [Game Cock]. 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. Around the same time in 1989, Wickhams descendants sued to regain control of the island, which they claimed had been stolen from their family. 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. Nygard, unable to obtain government permits to rebuild his six-acre, Mayan-inspired compound after an electrical fire in 2009 demolished most of the structuresincluding the 32,000-square-foot grand hall, with its 100,000-pound glass ceilinghas been left to live out of his study when he does visit, and has stopped throwing parties altogether. Today, it has about a dozen lines of inexpensive apparel, aimed mostly at middle-aged shoppers and available in more than 200 Nygard stores and other retail chains in North America, and does $500 million in annual sales. I never moved here to Nygard Cay because of Lyford Cay. Years earlier, Nygard had obtained a government permit to redirect the sand. 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