“Frankly, my dear, you should give a damn,” Louis Bacon said last night, paraphrasing from what he called his holy book, “Gone With the Wind.”
Carl George’s $1.7 billion hedge fund at Pivot Capital Management Ltd. rose 17 percent in 2011 after he predicted a surprise interest rate cut in Brazil.
Louis Bacon’s decision to return $2 billion to investors highlights the difficulties the biggest macro hedge funds are having this year as government intervention and declining trading volumes limit managers’ ability to make large bets.
"The smear campaign is intended to disparage, intimidate, and ultimately drive Mr. Bacon away from the Bahamas."
- Louis Bacon on Aug 13, 2014