Now, a nearly decades long-feud between neighboring billionaires, Peter Nygard, a Canadian-born fashion baron, and Louis Bacon, a New York financier, has thrust the notoriously press-shy. To the extent you have used me as a straw man in your fights, you will need to find someone else now. In another e-mail Bacon offered to sell it to him at a discount, below the asking price of $35 million. 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. Buffetts representatives did not reply to requests for comment. Two yachts and a private plane; Contributions to Andrew Cuomo: $48,600 Contributions to New Yorkers for a Balanced Albany: $325,000. It wasnt vengeance, he says. 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. [11], In May 2011, the High Court in London granted Bacon a court order to obtain information from the Wikimedia Foundation, The Denver Post, and WordPress as to the identities of internet users alleged to have defamed him by their postings. 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. People were worried about the security of our investors information.. 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. What Nygard has accused me of is beyond the pale, Bacon says. [2], In 2006, Forbes magazine ranked Bacon as the 746th richest person in the world;[3] in 2011 it ranked him as the 736th richest man. He is best known perhaps for his mansion at the exclusive gated community of Lyford Cay in the Bahamas, where he had a vicious, long running and very public feud with neighbor and disgraced fashion mogul Peter Nygrd. Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist. [2] He subsequently received his MBA degree in finance at Columbia Business School in 1981. Where Nygard has made a visible mark on the cay with his estate, Bacon wants his country houses known for how meticulously they fit into their surroundings. 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.. 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. (The road itself he saw fit to name E. P. Taylor Drive.) [27] Bacon has donated more than one million dollars to the environmental non-profit organization Riverkeeper. He started casing the joint, looking at it as a place to buy, and did nothing. He was given a job clerking at the specialist firm Walter N. Frank & Co during the summers of his college years. The dip created a drainage problem when it rained: the puddling. For a 27-year-old, Bacon deployed a powerful Rolodex. Thats totally true, said Cutchogue resident Tonya Witczak, 46. Vanity Fair may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. 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. 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. 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. He talks about the virtues of exercise and healthy eating, and he takes about 50 pills a dayvitamins, supplements, pharmaceuticals, he says. Moore Capital's Louis Bacon is running out of ideas amid a volatile macro-economic environment. If you have any problems, any concerns, any annoyancesjust ask me direct Im sure we can work them out amicably., To which Bacon replied, You are the one with the various lawsuits against me Peter, so I find this quizzical. 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. We've received your submission. Dealing with Nygard, he says, is like having dog shit on your shoe. (Nygards riposte: I recommend that he change his shoes.), He is short on dialogue: he has little to say that his lawyers cant say for him, because hes doing his best to appear aloof, as if to assert that the feud has failed to get the better of him. He threw a lot of parties and was always doing construction. Both are locked in an eight-year legal war with each other that has turned each man's paradise into hell. Louis Moore Bacon is the founder, Chairman and principal investment manager of Moore Capital Management, LP (Moore Capital). (Bacon has said he made no such offer and was never interested in acquiring Nygards land. He probably enjoys this, Bacon says. Its not in keeping with what we do here, but people went out there to look at it. ), even though his lots location at the tip of the peninsula meant that it was not deeded within the L.C.P.O.A. Nygard is convinced that Bacon orchestrated all his problems with Lyford Cay and the government. 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. Prior to founding Moore Capital, Mr. Bacon was a Senior Vice President-Futures at Shearson Lehman Brothers Inc. Today, Robins Island provides a safe haven for threatened local shorebirds, including terns, piping plovers, sandpipers and oystercatchers. Ann Colley, Director of Public Relations and Charitable Giving at Moore Capital Management, is the Executive Director and Vice President. Pokmon TCG Sword & Shield S3a Legendary Heartbeat Booster Box. [2][4][6], In 1987 Bacon founded Remington Trading Partners. 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. He sued the government. 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. 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." In February 2007, the pair married in a civil ceremony in his Manhattan residence. It has reached a point where neither man, though each used to consider Lyford Cay his rightful home, spends much time there anymore. 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. Bacon, who attended college at Middlebury in Vermont, has a long history of involvement in conservation efforts []. Moore Capital Management LLC, the $15 billion hedge fund run by Louis Moore Bacon, cut 10 to 15 investment jobs as it restructures one of its equity teams, according to three people with knowledge . The battle between hedge-fund billionaire Louis Bacon and clothing magnate Peter Nygrd escalates with accusations in a New York court. 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? Jerry Falwell Jr. was the Trump-anointing dark prince of the Christian right. He sued a former associate for claiming that Nygard had deliberately hired celebrity lookalikes to attend his Oscar party, according to the lawsuit. From college to career, Bacon founded Moore Capital Management and The Moore Charitable Foundation, making smart investments in financial markets and the environment. He dated Anna Nicole Smith for several years. Yesterday, Moore Capital boss Louis Baconalong with four other plaintiffs--filed a suit in []. Mr. Bacon is also a member of the Board of Directors of the Foreign Policy Association. 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. 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. Bacons hedge fund is name-checked, too: MOORE CAPITAL MANAGEMENT. 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.. 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. 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. In the time since Nygard began living there, his piece of land has grown from 3.25 acres to 6.1 acres. Coiled stone cobras hiss steam at sunset. It just screamed resolution, one of their lawyers says. I have my own life, you know? Now it kind of looks like what the English call a ha-ha: the road drops and it feels more private. 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! Full-grown oak trees have been replanted to replace ones previously harvested, grasses not native to the area have been removed and the herds of deer once overrunning the island have been culled. Bacon famously donated a conservation easement of more than 500 acres in Cow Neck to Peconic Land Trust in 2001, according to The New York Times . 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. [10], In May 2011, Bacon obtained a court order in Great Britain, where he owned property, compelling the Wikimedia Foundation, WordPress and the Denver Post to reveal the identity of anonymous persons who allegedly defamed him on their websites. Louis Bacon is a buttoned-up hedge-fund king, whose passion is conservation. 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.). Of parties and was always doing construction s paradise into hell it feels more.. Other that has turned each man & # x27 ; s paradise into hell requests for comment macro-economic environment the..., one of several large signs reads, its [ sic ] to... 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