Ex-Moore Capital Traders Launch New Fund With A MASSIVE Seed Investment From Louis Bacon

louis bacon moore

Photo: turtletrader.com

Last year, billionaire hedge fund titan Louis Bacon, the founder of Moore Capital Management, invested $800 million in a hedge fund started by two of his fund’s former traders, Bloomberg News reported citing unnamed sources.That’s a heck of a lot of seed capital!

According to Bloomberg, Moore’s $800 million went to macro hedge fund Stone Milliner Asset Management, which was founded by Jens-Peter Stein and Kornelius Klobucar. 

It’s not surprising because Moore has a history of investing in his former traders’ funds.  What’s more is these two produced average returns of 8% at Moore Capital from 2006 to 2011, sources told Bloomberg.

Stone Milliner started trading last month with more than $1 billion AUM, the report said.

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