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. 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. The court granted Bacon's application to serve a Norwich Pharmacal Order by email against these websites. Reflects change since 5 pm ET of prior trading day. Louis Bacon is a conservation philanthropist and the founder and Chairman of Moore Capital Management, LP established in March 1989. Then a sex scandal rocked his marriage and ended his lucrative stewardship of the evangelical education empire founded by his father. 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. [2][3] Bacon met Walter Frank while he was working on a fishing boat on Long Island. [21], In 2002 Bacon obtained Austrian citizenship, due to a special provision for figures who have made notable achievements for Austria. Louis Bacon is a buttoned-up hedge-fund king, whose passion is conservation. 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. He started casing the joint, looking at it as a place to buy, and did nothing. 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. Who Is Louis Bacon. 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. In 2005, Nygard addressed his parking-overflow problem by laying down a 15-by-20-foot concrete slabon Bacons side of the property line. [2][4], While at Columbia, Bacon traded commodities using a low interest loan he had received. 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. I have my own life, you know? 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. Those disputes allowed Bacon to swoop in to buy Robins Island on the cheap. But Nygard got off to a bad start. Nygard says he never tried to join the club, and also denies being a bully, adding, Most of my relationships with the Lyford Cay community were pristine until Louis Bacon came and destroyed many of them. 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. Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist. 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. 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. In the time since Nygard began living there, his piece of land has grown from 3.25 acres to 6.1 acres. Meanwhile, Lyford residents and the L.C.P.O.A. 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 . 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 obsessed with longevity. The objections to offshore drilling are economic, environmental and bipartisan. Instead, everybody stays up until three A.M. playing poker. Smith, who organized a parade where many participants wore K.K.K. "[11][15] Automattic, which owns WordPress, said Bacon would need a court order but agreed to remove any defamatory material from its websites. [2][4][6], In 1987 Bacon founded Remington Trading Partners. He is the founder of Moore Capital Management LLC and Moore Global Investments. It just tore a heart out of me, Nygard says. Its a better entrance for his guests and better for me too.. There was also the matter of sand. 2023 Forbes Media LLC. Ad Choices. Louis Bacon is one of the most famous traders in the world. 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. I dont know if theres any substance to it, but I was told Captain Kidd buried treasure there. 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. Coiled stone cobras hiss steam at sunset. Even the Levys uniforms are low-key: matching polo shirts with the Point House logo, a simple childs drawing of a cottage. In the early days, my dad would sit at the little kitchen counter in the window and do his designs on napkins, says his eldest daughter, Bianca, who works for the Nygard corporation. He was giving himself testosterone shots every other day and made arrangements with a lab to receive regular injections of his own stem cells. 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. 2023 Cond Nast. [1], Bacon was born in Raleigh, North Carolina on July 25, 1956. 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. It just screamed resolution, one of their lawyers says. 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. 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. Hes a philosopher, a visionary, a genius. According to the Moore Charitable Foundations website, the conservation philanthropist has protected more than 214,000 acres of land in perpetuity across the United States, including granting conservation easements in his home state of North Carolina (to protect the Cape Fear river watershed), Wyoming and Colorado. 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. 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 . Both are locked in an eight-year legal war with each other that has turned each mans paradise into hell. 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. 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. [2] In 1989, Bacon used his middle name when he founded Moore Capital Management LLC; in 1990 he founded Moore Global Investments, using $25,000 inherited from his family. Bacon sought the order so that he could launch defamation proceedings against online commenters he alleged to have posted libelous material about him on these websites. 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. 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. 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. 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. Hedge fund managers have been displaced on the Forbes 400 over the last two years not only by tech billionaires, but by a fish stick king, meat processor, vodka distiller and ice tea brewer. All Rights Reserved. The pair live in the Clifton Bay area of the Bahamas. 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. They divorced in 2002, after having four children together. He flies there in a private jet that bears the words PETER NYGARD N FORCE and once reportedly had a strippers pole inside. 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. 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. Sandwiched midway between the North and South forks, Robins Island is roughly 435 acres with miles and miles of waterfront. He mentions that his assistant is one of my main girlfriends.. The common denominator is his engagement in natural resources, an astute sensitivity to all the components that make a habitat conducive to the area in question, says Peter Talty, an architect who works for Bacons own personal property-management company. Pokmon TCG Sword & Shield S3a Legendary Heartbeat Booster Box. 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 turning it in to one of the most lucrative hedge funds ever.But while most masters of the universe tend to take an interest in Hamptons real estate once theyve made their fortune, Bacons interest in Robins Island started back in his college days, when he worked on a charter fishing boat out of Montauk and regularly sailed past the island. Jones and brother Zack, who deployed landed at Soros Fund Management as head trader, threw plenty of business Bacon's way. He uses the yacht as an office. The houses have names that are playfully colonial: Tra La La, Safari, Tea Time, Out of Bounds. Hes a member of the Racquet and Tennis Club and the Union Club of the City of New York. Asked by The Post about the island, both the Sag Harbor harbormaster and a village policeman shrugged. He adds that all the land hes been mandated to return to the Bahamas had been unofficially leased to him. 6 He is an art collector. A part of the collection travels with him at his yacht. When he turned him down, the agent replied that Bacon would get the property one way or another, Nygard claims, adding that he doesnt know the mans name and cant remember where he worked, because it was such a joke to me. Even so, he says, he took it as a threat. Every Finn starts with the saunas.. Forbes magazine named Louis Bacon as the 746th . But just as one mans driveway is another mans easement, one neighbors cocktail party is anothers sleepless night due to the fact that there are 2,000 Bahamiansplus a lot of young women from islands throughout the Atlantic, not to mention Europewhooping it up at the topless bacchanal next door. His response isnt emotional, Ian Levy says. This is not a man you just phone up to tell him that a leafs fallen off a tree. With the government lacking the funds and mandate to conserve American land, a handful of billionaires have filled the void. Ski and Snowboard Team Foundation. 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. The new conservation easement Bacon intends to donate is to protect Blanca thus protecting all 172,000 acres of land.[31]. Nygard says he plans to appeal. Media mogul Ted Turner and Louis Bacon both own ranches in the San Luis Valley, which straddles the border . He is the chief executive and founder of Moore Capital Management. 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. 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. Bacon also has a prop plane, a 1999 Mooney M20. Its not in keeping with what we do here, but people went out there to look at it. Bacons hedge fund is name-checked, too: MOORE CAPITAL MANAGEMENT. Prior to founding Moore Capital, Mr. Bacon was a Senior Vice President-Futures at Shearson Lehman Brothers Inc. [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. Today, Robins Island provides a safe haven for threatened local shorebirds, including terns, piping plovers, sandpipers and oystercatchers. It may be that the only thing Bacon and Nygard have in common, besides a Lyford Cay address, is their joint refusal to ever back down. The man has a multi-million-dollar yacht, and his marina was silted up, his lawyer in Nassau, Keod Smith, says. 8 His latest yacht has an indoor paddle tennis court. 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. 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. Does Peter like the fact that his beach got bigger? Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. 7 He has owned many yachts, all named Aviva. 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 . [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 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.. Nearly 200 years later, in 1979 it was sold for $1.3 million to German investors who tried to unsuccessfully flip it to everyone from Moroccan royalty to Donald Trump. 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. Reclusive billionaire Louis Moore Bacon is emerging from the shadows in a southern Colorado showdown over solar-power transmission lines. 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. (To give Nygard credit, hes industrious, Bacon concedes. He no longer holds his Sunday-night pamper parties, which offered everybody free spa treatments. They managed an agreement (via their groundskeepers) on choices of island ficus and bougainvillea to plant along the easement. Todays roster is sleepy by comparison: aside from Sean Connery (who, nearly a half-dozen James Bonds ago, shot Thunderball and several other films here), there are scores of semi-anonymous businessmen or their progeny. Mr. Bacon is also the Founder and Co-Chair of The Moore Charitable Foundation, Inc. (Foundation). 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. I helped to save his life, Nygard says of the time Bacon and his property manager got marooned during a fishing expedition. 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. [25], In 1991, Bacon was 20th on the list of Financial World's Top 100 Wall Street Earners list. He took steps to sue the Lyford Cay Property Owners Association. I might have done that. His market insights allowed him to profit during the market crash and subsequent rebound. He turned a profit during his fourth semester. How exactly did the alleged illegal activity go down? Satellite images reveal two large estate homes on the island, what appears to be a caretakers home, a tennis court, a dock and thick woodlands. It gives you a certain sense of purpose that, I guess, girds you to continue. Yesterday, Moore Capital boss Louis Baconalong with four other plaintiffs--filed a suit in []. 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