Thanks for contacting us. You have to take off your top if we go, he jokes with one of the ladies, flipping his hands upward from his shoulders to pantomime. Bacon and his wife, Gabrielle, at the Metropolitan Museum of Art, New York, 2014. (The queen was Noor of Jordan.) In the early days, my dad would sit at the little kitchen counter in the window and do his designs on napkins, says his eldest daughter, Bianca, who works for the Nygard corporation. But that was then, and this is now. [2], Bacon graduated from Episcopal High School in Alexandria, Virginia. Smith, who organized a parade where many participants wore K.K.K. I would tell him what happened, and he said, Take photographs and refer it to the legal department. He responds to Peter Nygard as a problem that needs to be taken care of., Until he filed his defamation suit, this year, Bacon fought Nygard mostly under the auspices of an environmental campaign, joined by many Lyford residents, that sought to rectify changes to the coastline they claim Nygard is responsible for. In a letter dated July 21, he was called out for the accumulation of land that came via his strategic renovation and was ordered to not only remove the structures hed built on the Crown landhis marina, lagoon, barbecue pit, and volleyball courtbut also reinstate the coastline. The 171,400-acre (694km2) property sold for $175 million. This metric is just one way to look at short data, but this is a metric we here at Holdings Channel find particularly useful [], Updated with extended comment from Peter Nygard's spokesperson. Hedge fund giant Louis Bacon was honored for his land conservation at the star-studded National Audubon Society's gala dinner in New York. He is the rare wealthy businessman who sees the environment as a battleground, says Robert F. Kennedy Jr., of the Waterkeeper Alliance lobbying group, a favorite charity of Bacons. Mar 30, 2011, 6:48 AM. Even as its distasteful. Nygard believes Bacon has a nasty habit of accusing other people of what he is guilty of himself., Bacon says Nygard Cay is nothing more than eye pollution.. In February 2007, the pair married in a civil ceremony in his Manhattan residence. According to the Moore Charitable Foundations website, the conservation philanthropist has protected more than 214,000 acres of land in perpetuity across the United States, including granting conservation easements in his home state of North Carolina (to protect the Cape Fear river watershed), Wyoming and Colorado. 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. Louis Bacon Uses Chevron's Tool To Fight Neighbor And Clothing Magnate Peter Nygard, With His New PAC, Louis Bacon Becomes Latest Hedge Funder To Get Politically Active, Colorado Hedge Fund Billionaire Louis Bacon Buys Taos, New Mexico, Ski Resort, Audubon Society Gala Honors Louis Bacon, Bette Midler Sings Birdie Tunes, Louis Bacon Loves Birds, Bette Midler Can't Remember, And Other Scenes From The Audubon Gala At The Plaza Hotel, Hedge Fund Giant Louis Bacon's Bold Mission To Save The American West, Billionaire Hedge Fund Manager Returns $2B To Investors, Blames Merkel, Hedge Fund Billionaire Louis Bacon To Donate 90,000 Acres For Colorado Conservation Area, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The Klan characterizations were especially incendiary because of the Bahamas history as a hub of the American slave trade. [35], He is the 2013 recipient of the Audubon Medal, given in recognition of outstanding achievement in the field of conservation and environmental protection. He probably enjoys this, Bacon says. Its not the first time Bacon has preserved insanely valuable real estate. As for the real estate value of Robins Island even in a Hamptons market that is out of control with almost nothing available, according to Breitenbach neither Bacon nor his heirs will ever be able to cash in via development. Peter Nygard is a hard-partying retail tycoon, whose estate is fit for a Mayan emperor. Some people in Lyford refer to Bacons heroism for taking on the neighborhood bully. Im probably the one whos been affected the most, Bacon says, and I have the means to do something about it.. He ignored Bacons offer and soon hit him with another lawsuit, and the Internet campaign against him was launched. They all consider driving to town for the parade celebrating Junkanoo, a national holiday. Moore Capital Management; Gary Gershoff/WireImage, 2023 NYP Holdings, Inc. All Rights Reserved, Reporterdishes on his unique access to Ponzi schemer Bernie Madoff, Yellowstone-inspired ranch in the Hamptons goes up for rent, Alec and Hilaria Baldwin shave $4M off Hamptons farmhouse, Hugh Jackman puts his dream minimalist Hamptons home up for rent. 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. It wasnt vengeance, he says. Vanity Fair may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. Louis Bacon and New Mexico Senator Martin Heinrich advocate for a new approach to fighting wildfires in the American West. Boats to the island depart from the North Sea Harbor in Southampton. The policemen didnt wear nametags. Bacon was mortified and says the chief of police told him that the sergeant in charge of the raid had acted without authorization and that Nygard had put him up to it. Nygard says that he and his guests had merely called the police because, that week, they were exposed to intolerable screeching from Bacons speakers. But just as one mans driveway is another mans easement, one neighbors cocktail party is anothers sleepless night due to the fact that there are 2,000 Bahamiansplus a lot of young women from islands throughout the Atlantic, not to mention Europewhooping it up at the topless bacchanal next door. Moore Capital, founded in March 1989, is a private investment management firm that invests in the global financial markets and private equity markets. And more! 6 He is an art collector. Bacon also has a prop plane, a 1999 Mooney M20. Nygard and his friends sometimes refer to his estate as Disneyland on steroids. Chichn Ibiza is more like it. Hes gone to a black nation that has pretty decent race relations and tried to stir up this racial thing by staging a Klan rally. Nygard says his involvement in the Klan accusations stemmed from a grassroots movement in which locals came to me and asked for my help.. [17], In 1986 Bacon married Cynthia Pigott,[4] a former Newsweek magazine staff member. Peter Nygard is a force for good.. I might have done that. One of Wall Street's macro-trading legends, Louis Bacon cut his teeth as a commodities and currencies trader, earning big profits in the 1987 crash. Louis Moore Bacon is the founder, Chairman and principal investment manager of Moore Capital Management, LP (Moore Capital). Its quiet money, says David Laughlin, a New York financier (second-generation Lyford) and chairman of the Lyford Cay Club. I used to see him out there in his front loader.) Even with the main house at Nygard Cay mostly in ruins six years after the firethe grand staircase that ran through it is now more of an open-air gangwaytheres still plenty to marvel at: carved dragons, 60-foot ziggurats with hundreds of torches lit individually every night by his staff, giant statues of nude women modeled on his former girlfriends, and what he claims is the worlds largest sauna, a 6,000-square-foot A-frame lodge constructed of Canadian-pine logs that are 2 feet thick and 28 feet long. At 74, with his long white hair and vigorously spread family tree (he has had eight children with five women), Nygard is something like the Hugh Hefner of down-market retail. [11], In May 2011, the High Court in London granted Bacon a court order to obtain information from the Wikimedia Foundation, The Denver Post, and WordPress as to the identities of internet users alleged to have defamed him by their postings. Soon afterward, Bacon pulled his three youngest children out of school in Lyford Cay and requested that the 70-person offshore advisement desk that handles his client records be moved out of the Bahamas. Former Interior Secretary Ken Salazar and conservation philanthropist Louis Bacon say super fires should not be the new normal. He is known for his business prowess, his charitable works, and his wealth. Now, a nearly decades long-feud between neighboring billionaires, Peter Nygard, a Canadian-born fashion baron, and Louis Bacon, a New York financier, has thrust the notoriously press-shy. 10 He resides in Lyford Cay in the Bahamas. In 2014, 103 locals put their names on a complaint against the Bahamian government, demanding that certain procedures be followed in order for Nygard to get legal clearance to rebuild. He has seven children, four with his first wife and three with his current wife. And in order to come to our place you had to go and wear rubber boots to come and knock on our door, says Peter Nygard, a Canadian manufacturer of womens wear and the neighbor at the end of the road who threw the parties. Nygard, the suit alleges, has been the ringleader behind a vast multi-media smear campaignTV and radio ads purchased, Web sites created, videos doctored, T-shirts printed, and even hate rallies staged with parades through Nassauall in the name of labeling Bacon a racist, a thief, and a terrorist, and bearing messages such as BACON GO HOME. As of February 2017, Forbes Magazine estimates his net worth to be US$1.81 billion, making him the 374th richest person on the Forbes 400. Although I do not think it is right you should be the one buying it as you are the reason I am selling, so be it.. An easement is what the driveways creator, the developer E. P. Taylor, a Canadian brewing tycoon, termed this shared passage when he established Lyford Cay in 1955. Louis Bacon is a buttoned-up hedge-fund king, whose passion is conservation. As for his place in Lyford, Point House, you might never guess that the owner is this rich. Legal experts suggested compliance with the orders was unlikely, given the US tradition of freedom of speech, and the fact that US courts typically required "actual evidence or sufficient allegations of libel" before granting similar orders. He is famous in the Bahamas. The fellowship brings together emerging leaders from government, business, and NGOs who . Moore Capital still manages internal money and scored 70% returns in 2020 for Bacon and his employees. Bacon's environmental preservation-focused Moore Charitable Trust was defrauded out of $25 million by jailed banker Andy Caspersen. Hes also mortified to have his public identity joined with his antagonists. Youve probably never heard of Robins Island, a teardrop-shaped islet half the size of Central Park in the Great Peconic Bay on the East End of Long Island. [16] Nygrd and Bacon had been previously engaged in a protracted legal dispute over two adjacent properties they own in the Bahamas. Photo by Charles Eshelman/FilmMagic/Getty Images. Those disputes allowed Bacon to swoop in to buy Robins Island on the cheap. The world desperately needs leaders with the courage, drive and political skills to fight climate change and help restore the natural world. For more than a decade the men battled in courts from London to Los Angeles, exchanging lawsuits over development rights and defamation suits, including accusations of drug trafficking, character assassination and even a soupon of murder. They featured unsubstantiated assertions that Bacon ran an international drug-smuggling operation, was a member of the K.K.K., had been charged in one of the biggest Wall Street insider trading cases ever (a CBS News clip on Raj Guptas infamous case had been altered, with Bacons name spliced in to replace Guptas), and was involved in murdering the Point House caretaker, Dan Tuckfield (who had died of a heart attack in the estates hot tub), after commissioning him to set the fire at Nygard Cay. [8] In March 2010 Forbes Magazine estimated Bacon's net worth to be $1.5 billion, and ranked him as the 655th richest person in the world. Home of a champion: Inside the mansion of Bucks star Giann Todd Chrisley serving his time in one of America's cushiest prisons, John Leguizamo buys daughter a co-op on same NYC block as family house, Embattled kicker bought Neb. I had some of my boats out there. Two years later, Bacon dealt with his long-standing irritation with the noise from Nygards parties by installing industrial-grade speakers at the edge of his land and pointing them at Nygard Cay at night. The Levys have witnessed the feud up close and speak about their neighbor with contempt. Louis Bacon is a conservation philanthropist and the founder and Chairman of Moore Capital Management, LP established in March 1989. by Melanie Grace West", "AMERICA'S GREAT OUTDOORS: Salazar, Ashe Announce Historic Conservation Easement in Sangre de Cristo Mountains", "90,000 Colorado acres offered for national protected area", "GARDEN NOTEBOOK;Paradise Returns (With Heliport)", "Cohen, Simons, 12 Others Enter Hedge Fund Hall", "Louis Bacon Receives Audubon Medal for Conservation, Environmental Work", "TRCP TO CELEBRATE THREE EXTRAORDINARY CHAMPIONS OF HABITAT CONSERVATION", "Hedge Fund Giant Louis Bacon's Bold Mission To Save The American West," Forbes, How a Neighbors Feud in Paradise Launched an International Rape Case, https://en.wikipedia.org/w/index.php?title=Louis_Bacon&oldid=1121232736, Episcopal High School (Alexandria, Virginia) alumni, Businesspeople from Raleigh, North Carolina, Short description is different from Wikidata, Wikipedia indefinitely move-protected pages, Creative Commons Attribution-ShareAlike License 3.0. hoods and carried anti-Bacon signs, said he came up with the idea after he noticed, on some New York library or historical-society Web site, that someone with the same name as Bacons mother mentioned that her grandfather had been a Klan leader in North Carolina. and crisis-response firm that, in addition to many less controversial clients, has represented the Church of Scientology and Jeffrey Epstein, the New York financier imprisoned in 2008 for soliciting under-age prostitutes. Member firm Edgerly & Crocker since 1900; also of Central Aguirre Sugar Co. Republican. Even though theres a custom-made board game called Baconopoly sitting on a credenza, with squares named for all of Bacons properties (Rutland Gate, Coral House), their identities turn out to have been affixed via printed stickers, a utilitarian gift. Louis Bacon, who's almost as famous for feuding with Canadian fashion tycoon Peter Nygard as he is for running one of the world's most successful hedge funds, is throwing in the towel as an. For comparison, a 42-acre compound, less than one-tenth the size of Robins Island, with far less waterfront, sold in Southampton this spring for close to $145 million. During the first three semesters, he lost money and was forced to borrow money from his father to pay for necessities. He is obsessed with longevity. [2] He subsequently received his MBA degree in finance at Columbia Business School in 1981. In a legal filing, Nygards lawyer characterized them as military-grade speakers that blared dangerous, pain-inducing sound waves toward Mr. Nygards home., It was supposed to create white noise on my side, but that didnt work, Bacon says. But dont worry too much about Bacon: he still has Captain Kidds treasure to fall back on. [26], In 1992, Bacon created The Moore Charitable Foundation (MCF) to provide financial support to nonprofit organizations that work to preserve and protect wildlife habitat and improve water systems. (Bradys father, Nicholas Brady, was secretary of the Treasury under President George H. W. [18][19], In November 2007, Bacon purchased the Trinchera Ranch in Costilla County, Colorado from the Forbes family. In this world, you dont disclose a lot, says Ian Levy, who, with his wife, Charlotte, manages the household staff of seven (more when the Bacons are there). Last night, the famously private hedge fund tycoon Louis Bacon, let down his guard about loving the land. Bacon has two luxury craft: a 74-foot 1954 Marinette Marine Corp. vessel docked in New Suffolk, and 'Kanga' a 38-foot boat he keeps on Robins Island. If you have any problems, any concerns, any annoyancesjust ask me direct Im sure we can work them out amicably., To which Bacon replied, You are the one with the various lawsuits against me Peter, so I find this quizzical. Who Is Louis Bacon. Soon, theyre joined by a couple of other women, who have just arrived from Miami, and several members of the Bahamian mens volleyball team. Moore Capital, founded in March 1989, is a private investment management firm that invests in the global financial markets and private equity markets. A native of North Carolina, Mr. Bacon earned an M.B.A. in Finance from Columbia Business School in New York and holds a Bachelor of Arts degree in American Literature from Middlebury College in Vermont. I dont know if theres any substance to it, but I was told Captain Kidd buried treasure there. [2] In 1989, Bacon used his middle name when he founded Moore Capital Management LLC; in 1990 he founded Moore Global Investments, using $25,000 inherited from his family. The court granted Bacon's application to serve a Norwich Pharmacal Order by email against these websites. For the preceding 400 years it had been known as Simms Point. He wont think of trying to replicate what he already built. Long before the puddle, Nygard clashed stylistically with much of the Lyford Cay establishment. By Eric. (The road itself he saw fit to name E. P. Taylor Drive.) My wife called him, and he came over to our house. This is not a man you just phone up to tell him that a leafs fallen off a tree. [2][3] Bacon met Walter Frank while he was working on a fishing boat on Long Island. Sandwiched midway between the North and South forks, Robins Island is roughly 435 acres with miles and miles of waterfront. Ad Choices. The Moore Charitable Foundation, which primarily works in land and wildlife conservation, claim it lost $16 million in Andrew Caspersens fraudulent scheme and are demanding PJT Partners pay it back plus interest. But Bacon, they insist, has never lost his cool. We've received your submission. But no. For better or worse, says Bill Hunter, a former Lyford Cay Club chairman, when you look toward Nygards place at night from across the bay, its like a cruise ship, all the lights and torches blazing. Legendary trader Louis Bacon told his investors on Thursday that he would be closing his big multi-manager hedge funds, another signal of the increasing difficulty traders are having making. The circumstances don't appear suspicious until Bahamian police also find some. I moved to Nygard Cay because its the most beautiful property in the world, and it happened to be that to get to it I had to go through Lyford Cay., The Lyford Cay Cluba golf-and-tennis facility with a majestically frayed pink clubhouseis the social hub of the community, and according to members, Nygard was discouraged from applying by people who broached the matter on his behalf with the membership committee. This easement will provide the founding tract for the proposed new Sangre de Cristo Conservation Area. Does Peter like the fact that his beach got bigger? The Louis and Gabrielle Bacon Environmental Leadership Fellowship is a transformational experience designed to prepare a new generation for environmental leadership. His father, Zachary Bacon Jr., founded real estate company Bacon & Co. and later led Prudential Financials and Merrill Lynchs real estate efforts in North Carolina. I helped to save his life, Nygard says of the time Bacon and his property manager got marooned during a fishing expedition. Click here for a larger version of our map of billionaire/celebrity networks. Affiliates include TheTrinchera Blanca Foundation, TheTercio Ranch Foundation, The Taos Ski Valley Foundation, TheRobins Island Foundation, TheOrton Foundation, The Moore Bahamas Foundation, and The Islas Secas Foundation. Then, in October, the judge dismissed Nygards counterclaim against Bacon, writing that it constituted merely an attempt at retaliation, which is prohibited by the courts. It gives you a certain sense of purpose that, I guess, girds you to continue. The Moore Charitable Foundation, founded by lifelong conservationistLouis Baconin 1992, is a family foundation that works to preserve and protect natural resources for future generations. A second estate in Lyford Cayfor spillover guests or staffhas an indoor squash court. New York hedge fund billionaire Louis Bacon announced today his intentions to donate 90,000 acres of land in Colorado toward the creation of the Sangre de Cristo Conservation Area. Where Nygard has made a visible mark on the cay with his estate, Bacon wants his country houses known for how meticulously they fit into their surroundings. We hired a sound consultant in the U.K. to see if we could somehow muffle the sound from Nygards by emitting a counter-sound, but that proved terribly complicated, so we went and got four huge rock-concert speakers to play something loud in response, Bacons architect, Peter Talty, says. In court documents, Nygard called the reporting false and asserted that the most damning accusers had been paid off by Bacon, who calls Nygards suspicions baseless., In the summer of 2010, 11 armed Bahamian police officers conducted a raid on Point House, during which Bacons staff were searched and interrogated and his possessionsincluding pictures of his childrenwere photographed. You know that song, Someone left the cake out in the rain? But I agree with it. Has he bankrolled it? Nygard filed a counterclaim and tells anybody who will listen that Bacon is trying to destroy him out of a simple desire to take over his property, claiming that some years agoNygard cant recall whena real-estate agent came to his house on Bacons behalf and offered $100 million for the place. home while in talks to sign with Cowboys, Conor Kennedy gifts pal Andrew Warren rare Dior purse at Miami bash, The pained life of Riley Keough, Lisa Marie Presleys actress daughter, Penelope Disick rates brother Masons epic sneaker collection: Going to steal, Kitten born with same 'Zorro' mask as her father, Lisa Marie Presley's grave prepped at Graceland across from Elvis', I went to McDonalds drive-thru for lunch but left with bags of cash instead. The man has a multi-million-dollar yacht, and his marina was silted up, his lawyer in Nassau, Keod Smith, says. Moore Capital's Louis Bacon is running out of ideas amid a volatile macro-economic environment. New York hedge-fund manager Louis Bacon, 61, has filed a $50million defamation suit against Canadian clothing tycoon, Peter Nygard, 71. There was also the matter of sand. He uses the yacht as an office. Nygard is convinced that Bacon orchestrated all his problems with Lyford Cay and the government. A key component of Bacons defamation suit, which his attorney, Orin Snyder, vows will have its day before a jury, is a 1,000-hour cache of footage shot by Nygards personal videographer, Stephen Feralio. [36] In 2016, Bacon received a Theodore Roosevelt Conservation Partnership's Lifetime Conservation Achievement Award for authorizing conservation easements on more than 210,600 acres in the US. The owner just wont let you over there to search for it.. Dealing with Nygard, he says, is like having dog shit on your shoe. (Nygards riposte: I recommend that he change his shoes.), He is short on dialogue: he has little to say that his lawyers cant say for him, because hes doing his best to appear aloof, as if to assert that the feud has failed to get the better of him. Mr. Bacon is also the Founder and Co-Chair of The Moore Charitable Foundation, Inc. ("Foundation"). The retired media executive added that hes heard about well-attended bird hunts on the island.I heard that Jimmy Buffett was shooting there in November, he said. To revist this article, visit My Profile, then View saved stories. At Lyford, there isnt a mechanism to deal with that kind of ostentatiousness. [27] Bacon has donated more than one million dollars to the environmental non-profit organization Riverkeeper. View saved stories with much of the time Bacon and his employees prop,... Fellowship is a buttoned-up hedge-fund king, whose estate is fit for a New generation for environmental fellowship. 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