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Moore Capital to Return $2 Billion to Investors

Reuters – Hedge fund industry titan Louis Moore Bacon plans to shrink his flagship portfolio and return $2 billion to his investors.

Mr. Bacon, who has run Moore Capital Management for more than two decades, told investors in a letter that he will shrink his flagship Moore Global Investors portfolio by 25 percent and return one quarter of its assets. Portions of the letter were seen by Reuters on Wednesday [Aug. 1].

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