Louis Bacon - Correctly Bet Iraq Would Invade Kuwait
Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist. He is the founder and chief executive of Moore Capital Management.
Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400 as of February 2017. [1]
Back in the 90s, when the idea of trading on a macro basis was almost unheard of, Bacon beat the CIA in predicting that Hussein would attack Kuwait, went long on oil and short on stocks. His hedge fund returned 86 percent that year.
Bacon's accurate predictions of market events around the Iraq war fetched his hedge fund returns of 35 percent a year for thirteen years. [2]
Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400 as of February 2017. [1]
Back in the 90s, when the idea of trading on a macro basis was almost unheard of, Bacon beat the CIA in predicting that Hussein would attack Kuwait, went long on oil and short on stocks. His hedge fund returned 86 percent that year.
Bacon's accurate predictions of market events around the Iraq war fetched his hedge fund returns of 35 percent a year for thirteen years. [2]
