Friday, 29 August 2014
Last updated 24 min ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...