Moore's Bacon Buys Ancestor's North Carolina Plantation

Dec 3 2010 | 10:58am ET

His real-estate troubles in Colorado aren't keeping Louis Bacon from buying more of it.

The Moore Capital Management founder has closed on a historic estate in North Carolina originally built by one of his forebears for $45 million. The 8,300 acre Orton Plantation is located in southern North Carolina, just outside of Wilmington.

Bacon has family in the Wilmington area and grew up in Raleigh. The Orton Plantation house was built in 1725 by Roger Moore, an ancestor of the billionaire hedge fund manager.

The Sprunt family, which sold the estate, said Bacon is still unsure of what he'll do with the new property. Orton Plantation had been open to the public before closing for renovations in June.

Bacon, who lives in London, is a well-known conservationist and is currently battling to keep a 140-mile power line from being built through his 250-square-mile ranch in southern Colorado. He has also removed development rights from several properties he owns in New York.

Bacon also owns a home in the Bahamas.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note