Moore's Bacon Buys Taos Ski Valley

Dec 13 2013 | 10:10am ET

Hedge fund manager Louis Bacon has bought New Mexico's famed Taos Ski Valley, adding to his massive Western land holdings.

Bacon, who has owned land in Taos since 1996, bought the resort from the Blake family, which founded in it 1955. Since investing in the area, Bacon has worked with the Blakes and plans to maintain "the flavor and the character of the ski area," Adriana Blake told the Denver Post.

The Moore Capital Management chief is a noted conservationist, having accepted conservation easements on his properties on Long Island, in New York, and on his huge ranches in southern Colorado. He also last year donated 90,000 acres in that state to the U.S. Fish and Wildlife Service to create the Sangre de Cristo Conservation Area.

Which is not to say he doesn't plan to make any changes in Taos, including a new life. But he pledged to safeguard the "special things" about Taos Ski Valley.

Bacon said that TSV chief Mickey Blake approached him about buying the resort. "At first I was dismissive," he told the Taos News. "This is kind of a first, not a business I was hankering towards."

"We believe Louis is the right person to ensure a viable future for the ski valley and that his ownership will be beneficial to our employees, Taos' residents and guests," Blake said.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR