He has a lot of them. Other postings accused Bacon of taking credit for the efforts of local activists when he accepted the Audubon Medal for preserving Clifton Bay in 2013, and called his acceptance speech, which jokingly cited Gone with the Wind, racist. Aestheticallyshirt unbuttoned to the navel, tight black jeans, and some sort of glitter he applies to his suntanned arms after showeringhe brings to mind a mash-up of Sam Walton and Gunther Gebel-Williams, the circus-animal trainer. His key conservation projects include: In 2008, he was inducted into Institutional Investors Alpha's Hedge Fund Manager Hall of Fame. He is the founder of Moore Capital Management LLC and Moore Global Investments. He always said he would never be done., Nygard initially joined the Lyford Cay Property Owners Association (L.C.P.O.A. He no longer holds his Sunday-night pamper parties, which offered everybody free spa treatments. The dip created a drainage problem when it rained: the puddling. But dont worry too much about Bacon: he still has Captain Kidds treasure to fall back on. by Melanie Grace West", "AMERICA'S GREAT OUTDOORS: Salazar, Ashe Announce Historic Conservation Easement in Sangre de Cristo Mountains", "90,000 Colorado acres offered for national protected area", "GARDEN NOTEBOOK;Paradise Returns (With Heliport)", "Cohen, Simons, 12 Others Enter Hedge Fund Hall", "Louis Bacon Receives Audubon Medal for Conservation, Environmental Work", "TRCP TO CELEBRATE THREE EXTRAORDINARY CHAMPIONS OF HABITAT CONSERVATION", "Hedge Fund Giant Louis Bacon's Bold Mission To Save The American West," Forbes, How a Neighbors Feud in Paradise Launched an International Rape Case, https://en.wikipedia.org/w/index.php?title=Louis_Bacon&oldid=1121232736, Episcopal High School (Alexandria, Virginia) alumni, Businesspeople from Raleigh, North Carolina, Short description is different from Wikidata, Wikipedia indefinitely move-protected pages, Creative Commons Attribution-ShareAlike License 3.0. He talks about the virtues of exercise and healthy eating, and he takes about 50 pills a dayvitamins, supplements, pharmaceuticals, he says. He sued the government. 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. Nygard says that he has not seen the footage and that his lawyers dispute this account. Bahamian environmentalists employed by Save the Bays, an organization that Bacon and several other Lyford residents would later set up chiefly to combat Nygard, cite significant damage to the coastline84,000 square meters of the seafloor that Nygards dredging gambit destroyed, according to one study. And the issue of the runoff on the driveway? Nygard designed and constructed the compound himself over more than two decades. Sandwiched midway between the North and South forks, Robins Island is roughly 435 acres with miles and miles of waterfront. 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. [2][4][6], In 1987 Bacon founded Remington Trading Partners. 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. Mr. Bacon is also the Founder and Co-Chair of The Moore Charitable Foundation, Inc. (Foundation). In a letter dated July 21, he was called out for the accumulation of land that came via his strategic renovation and was ordered to not only remove the structures hed built on the Crown landhis marina, lagoon, barbecue pit, and volleyball courtbut also reinstate the coastline. He is obsessed with longevity. An examination of the most recent short interest data revealed these five Louis Bacon stocks with particularly high short interest, as measured by "days to cover." Media mogul Ted Turner and Louis Bacon both own ranches in the San Luis Valley, which straddles the border . [17], In 1986 Bacon married Cynthia Pigott,[4] a former Newsweek magazine staff member. 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. [24] In 2015, Bacon donated $1 million to a Super PAC supporting the presidential candidacy of Jeb Bush. It was Bacon's second marriage. He took steps to sue the Lyford Cay Property Owners Association. His market insights allowed him to profit during the market crash and subsequent rebound. He is famous in the Bahamas. Bacon has two luxury craft: a 74-foot 1954 Marinette Marine Corp. vessel docked in New Suffolk, and 'Kanga' a 38-foot boat he keeps on Robins Island. Born to wealthy family in North Carolina, Bacon made his bones on Wall Street as an investor and hedge fund manager, starting Moore Global Investments in 1990 with $25,000 of family money and. Its not in keeping with what we do here, but people went out there to look at it. The Tao of Taos: Can Louis Bacon Make New Mexico's Soulful Ski Valley a Downhill Mecca? 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. In 2005, Nygard addressed his parking-overflow problem by laying down a 15-by-20-foot concrete slabon Bacons side of the property line. Affiliates include TheTrinchera Blanca Foundation, TheTercio Ranch Foundation, The Taos Ski Valley Foundation, TheRobins Island Foundation, TheOrton Foundation, The Moore Bahamas Foundation, and The Islas Secas Foundation. 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. one goal in mind--to make it America's next great downhill mecca. 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. 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. You know that song, Someone left the cake out in the rain? Reclusive billionaire Louis Moore Bacon is emerging from the shadows in a southern Colorado showdown over solar-power transmission lines. 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 . Hes a philosopher, a visionary, a genius. He blames the man next door for all of it, citing a string of environmental-degradation suits that Bacon has filed against him in court. But that wasnt why he did it. But in 2010, Nygard received distressing news from the prime ministers office. Eddie Lampert, Louis Bacon and James Dinan are the latest drop-offs. 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. 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. Thats when Nygard got mad. [27] Bacon has donated more than one million dollars to the environmental non-profit organization Riverkeeper. He is the founder of Moore Capital Management, one of the leading investment firms in the trading industry. Louis Moore Bacon married Gabrielle de Heinrich Sacconaghi in Manhattan in 2007, five years after his divorce from his first wife Cynthia Pigott. 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. Now it kind of looks like what the English call a ha-ha: the road drops and it feels more private. It was horrible squawking sounds that would drive you out of your mind, says Eric Gibson, Nygards former property manager. (For a while, he advertised it as a rental for $294,000 a week.) 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. 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. we used to be friendswhat happened? Best Restaurants in Fort Lauderdale For the preceding 400 years it had been known as Simms Point. I never moved here to Nygard Cay because of Lyford Cay. Member firm Edgerly & Crocker since 1900; also of Central Aguirre Sugar Co. Republican. Louis Moore Bacon is the founder, Chairman and principal investment manager of Moore Capital Management, LP (Moore Capital). 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 paid $5.9 million, then over the next 15 years purchased two adjoining pieces of land for an additional $20 million. "[11][15] Automattic, which owns WordPress, said Bacon would need a court order but agreed to remove any defamatory material from its websites. The Moore Charitable Foundation, which primarily works in land and wildlife conservation, claim it lost $16 million in Andrew Caspersens fraudulent scheme and are demanding PJT Partners pay it back plus interest. It was smelly. He sued a former associate for claiming that Nygard had deliberately hired celebrity lookalikes to attend his Oscar party, according to the lawsuit. Ive been very supportive. Besides, hes not afraid of a $100 million defamation suit because, as I understand it, the biggest award ever given in New York is for one million, he says. I will save something on the brokers commission and you are the most interested party. The owner just wont let you over there to search for it.. This page was last edited on 11 November 2022, at 06:41. The objections to offshore drilling are economic, environmental and bipartisan. 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. They searched the house for guns; there werent any, Ian Levy, Bacons property manager, says. I had to move the business as a fiduciary. (He bought the entire 445-acre island in 1993 for $11 million.) Two yachts and a private plane; Contributions to Andrew Cuomo: $48,600 Contributions to New Yorkers for a Balanced Albany: $325,000. It is now a security booth and staff office for his estate. Mar 30, 2011, 6:48 AM. Then a sex scandal rocked his marriage and ended his lucrative stewardship of the evangelical education empire founded by his father. ), Nygard vows he will never sell and says that he has never met anybody that smart, that competitive, in my life. On his TV is a frozen picture of Bacon bearing the words 5 Lies of Bacon. Outside, on his volleyball court, one of several large signs reads, ITS [sic] TIME TO THROW THE TRASH OUT! It had been going on for years, but in 2009, around the time the fire burned down his house, it really got out of control. 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. 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. 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. Its quiet money, says David Laughlin, a New York financier (second-generation Lyford) and chairman of the Lyford Cay Club. and crisis-response firm that, in addition to many less controversial clients, has represented the Church of Scientology and Jeffrey Epstein, the New York financier imprisoned in 2008 for soliciting under-age prostitutes. For a 27-year-old, Bacon deployed a powerful Rolodex. Hedge fund giant Louis Bacon was honored for his land conservation at the star-studded National Audubon Society's gala dinner in New York. 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. Nygard had mentioned in a letter to the prime minister that a stem-cell center on the island could provide employment for hundreds of Bahamians, but insists that he had no intention of building it at Nygard Cay. In court documents, Nygard called the reporting false and asserted that the most damning accusers had been paid off by Bacon, who calls Nygards suspicions baseless., In the summer of 2010, 11 armed Bahamian police officers conducted a raid on Point House, during which Bacons staff were searched and interrogated and his possessionsincluding pictures of his childrenwere photographed. Click here for a larger version of our map of billionaire/celebrity networks. Louis Moore Bacon is a hedge fund manager and philanthropist. Left, by Phil Roach/Globe Photos/Zuma Press/Alamy; Right, by Yann Dandois. Peter Nygard is a force for good.. 9 He owns a ranch in Argentina, in the country's most beautiful landmark. We went and got a special barge, huge undertaking, he says of importing them, adding that it was the first building he erected. Ad Choices. People were worried about the security of our investors information.. More recently, the property was transferred to a family trust intended to forever prevent further development. But no. Bacon and his wife, Gabrielle, at the Metropolitan Museum of Art, New York, 2014. This metric is just one way to look at short data, but this is a metric we here at Holdings Channel find particularly useful [], Updated with extended comment from Peter Nygard's spokesperson. What it did to his side I wasnt really interested in.. Louis Bacon's House - Virtual Globetrotting West Harbour, New Providence (aka Nassau So, after vacationing with his family on North Island in Seychelles, he bought it for a whopping $35 million. [9], As of March 2022, Bacon holds a substantial interest in EV startup, Fisker Inc. with Bacon's Moore Capital Management holding 8.45 million Fisker shares. Louis doesnt like attention in the first place, says his college friend and Lyford neighbor, Chris Brady. Louis Bacon is a conservation philanthropist and the founder and Chairman of Moore Capital Management, LP established in March 1989. Resting off the coast of Long . 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. 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. 2023 Cond Nast. All Rights Reserved. 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. Its not the first time Bacon has preserved insanely valuable real estate. Smith, who organized a parade where many participants wore K.K.K. 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. 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. Wendall Jones, the publisher of The Bahama Journal, says, The residents of Lyford Cay say they dont appreciate his flamboyance when what they dont like is the fact that he invites so many black people over. 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. Coiled stone cobras hiss steam at sunset. had been lodging complaints with the government for years, even compiling aerial photographs that documented the expanding dimensions of Nygards coastline thanks to a series of underwater, sand-collecting barrierscalled groinsthat jut out from the shoreline. (To give Nygard credit, hes industrious, Bacon concedes. Chesapeake Bay Foundation Chairman Harry Lester and philanthropist Louis Bacon say offshore drilling in the Atlantic and related seismic airgun blasting could harm East Coast economies, marine life and our environment. Nygard doesnt deny his participation in the campaign. Theyre not parties the typical Lyford Cay family is having with their grandchildren. 8 His latest yacht has an indoor paddle tennis court. guests over, including royalty from around the world., Yet, Laughlin says, When somebody comes in whos of a different character and doesnt make much of an effort to assimilate, some communities are better able to deal with that than others. But depending on whats out there in terms of infrastructure, it might be worth from $200 million to $500 million.. 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. My wife called him, and he came over to our house. Sacconaghi is a Canadian socialite and art adviser. Instead, everybody stays up until three A.M. playing poker. Moore Capital still manages internal money and scored 70% returns in 2020 for Bacon and his employees. Cow Neck Farm, Long Island, New York: Bacon's Cow Neck Preserve, LLC purchased the farm in 1998 and donated a 540-acre conservation easement to the Peconic Land Trust, thus preventing development and ensuring the protection of the area's habitat. Peter Nygard is a hard-partying retail tycoon, whose estate is fit for a Mayan emperor. 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. [2], Bacon graduated from Episcopal High School in Alexandria, Virginia. 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. That it has since been preserved as a national park was what, in 2013, won him the Audubon Societys annual medal for contributions to conservation. The Levys have witnessed the feud up close and speak about their neighbor with contempt. During the first three semesters, he lost money and was forced to borrow money from his father to pay for necessities. Moore Capital, founded in March 1989, is a private investment management firm that invests in the global financial markets and private equity markets. 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. 10 He resides in Lyford Cay in the Bahamas. The Trinchera section of the ranch is currently protected by an easement administered by Colorado Open Lands. At 74, with his long white hair and vigorously spread family tree (he has had eight children with five women), Nygard is something like the Hugh Hefner of down-market retail. Snyder secured the mans testimony and has sought access to the recordings, which he claims show Nygards involvement in the harassment campaigninstructing employees on what he wants their YouTube spots to contain, for instanceas well as Peter Nygards meetings and interactions with Bahamian officials regarding construction at Nygard Cay, and Mr. Nygards donation of money to Bahamian politicians, according to Feralios attorney. 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. He was giving himself testosterone shots every other day and made arrangements with a lab to receive regular injections of his own stem cells. The case was eventually settled. I was part of his search committee. Bacon relates the same incident, though he says that Nygard was most ungallant. He turned a profit during his fourth semester. The Klan characterizations were especially incendiary because of the Bahamas history as a hub of the American slave trade. [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. He was a bit of a headache, but it was largely cordial at first. Nygard says he and Baconan odd couple if ever there was oneinvited each other for drinks at their homes. Photo by Charles Eshelman/FilmMagic/Getty Images. The houses have names that are playfully colonial: Tra La La, Safari, Tea Time, Out of Bounds. There was also the matter of sand. 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. Both are locked in an eight-year legal war with each other that has turned each mans paradise into hell. Robins Island, the private estate of finance billionaire Louis Bacon (inset), could be worth as much as $500 million, local brokers said. The hedge fund he owns and runs has some $15 billion under management, and his estimated net worth is $1.75 billion. Mr. Bacon is also a member of the Board of Directors of the Foreign Policy Association. This chart appears in the Mar. Oceana CEO Andrew Sharpless and Louis Bacon say that Congress needs to approve The Shark Fin Sales Elimination Act to completely ban the trade of shark fins in the United States. [2][3] Bacon met Walter Frank while he was working on a fishing boat on Long Island. The court granted Bacon's application to serve a Norwich Pharmacal Order by email against these websites. Started in 1992, the Foundation supports conservation non-profits that ensure the preservation of land, water and wildlife habitats for future generations. I have my own life, you know? Mr. Bacon is also a member of the Board of Trustees of the U.S. 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. He adds that all the land hes been mandated to return to the Bahamas had been unofficially leased to him. 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 is a buttoned-up hedge-fund king, whose passion is conservation. 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. How exactly did the alleged illegal activity go down? Hes gone to a black nation that has pretty decent race relations and tried to stir up this racial thing by staging a Klan rally. Nygard says his involvement in the Klan accusations stemmed from a grassroots movement in which locals came to me and asked for my help.. 2023 Forbes Media LLC. 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. Save something on the driveway where many participants wore K.K.K in 1992, the Foundation supports conservation non-profits ensure... A 27-year-old, Bacon donated $ 1 million to a Super PAC the! 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