Hedge Fund Investing: A Practical Approach to Understanding Investor Motivation, Manager Profits, and Fund Performance

What is the Profile of a Global Macro Manager?

Global Macro funds come in all shapes and sizes. A small handful have been around a while and differentiated themselves by both their longevity and their performance over time. Two of the strategies most successful and at times high profile managers are Louis Bacon, the founder of Moore Capital Management and Paul Tudor Jones, the founder of the Tudor Group.

Moore Capital Management

Louis Moore Bacon founded Moore Global Capital Management in the late 1980s. The firm's founder was born in 1956 in Raleigh, North Carolina, and is the nephew of legendary hedge fund manager Julian Robertson, who had founded Tiger Management in the late 1980s. Louis Bacon attended Middlebury College and earned his MBA from Columbia Business School. Early in his career, he worked for Bankers Trust. He also traded currencies and worked on the floor at the New York Cotton Exchange as a runner. Eventually, he joined Shearson Lehman Brothers as broker and trader of financial futures and was promoted to senior vice president of the futures trading division. He founded his own firm in 1989. Moore Global Capital Management is headquartered in New York City with a major presence in London. The firm employs approximately 400 employees globally in New York, Washington, DC, London, Zurich, and Hong Kong, with approximately 175 investment professionals and over 100 employees in operations, finance, and technology. Louis Bacon continues to participate in managing the ...