Moore Capital

Moore Capital Management, LLC (MCM) was a prominent global macro hedge fund founded in 1989 by legendary investor Louis Bacon. For decades, the firm was a significant force in the financial markets, known for its sophisticated trading strategies across a wide range of asset classes, including currencies, commodities, fixed income, and equities. At its peak, Moore Capital managed substantial assets, with reports indicating figures around $15 billion in assets under management during its prime years, making it one of the largest and most influential hedge funds globally.

A significant shift occurred in 2020 when Louis Bacon announced that Moore Capital Management would return outside client capital and transition into a family office. This strategic decision meant the firm would cease managing money for external clients, instead focusing solely on managing Bacon's personal wealth and that of a select few close associates. This transformation marked the end of an era for Moore Capital as a public-facing hedge fund and repositioned its operations to a more private, internal investment vehicle.

Given its history and operational model, Moore Capital Management's core expertise and investment activities have always been centered on global macro strategies within liquid public markets. The firm's focus has been on identifying and capitalizing on macroeconomic trends through complex trading and hedging strategies, rather than making direct equity investments in early-stage private companies. Therefore, it does not operate as a venture capital firm, and the concepts of typical minimum and maximum 'first cheque' sizes, as applied to venture capital investments in startups, are not applicable to its historical or current investment mandate.