Louis Moore Bacon (Trades, Portfolio) is an American hedge fund manager and trader who uses a global macro strategy to invest in the markets. Bacon has been in the top 20 of Top 100 money earners since the 1990s, and he is considered one of the top 100 traders of the 20th century.
He is the manager of a leading New York City-based hedge fund, Moore Capital Management, which had $3.17 billion under management at Dec. 31, 2014. The investor reported increasing his stake in Levy Acquisition Corp. (LEVY), a $252.5 million market cap, according to GuruFocus Real Time Picks. So in this article, we are going to try to find an explanation for this long position. Continue Reading »