Wolf of Wall St. style party

conduit said:
Everything you say I 100% agree with. It does not make it less curious, though, that Bacon is brought in connection with the KKK, that he has nothing better to do than spending millions over many years to fight another billionaire over noise levels regarding properties in the Bahamas. It simply raises eyebrows to fire someone because of party related issues and rather than being direct in case the reason for dismissal was performance. Makes investors wonder where the heart of the hf founder really is and the focus of his concerns
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You have worked on the street. You know how it works. Why is this surprising?

Louis bacon owns the firm. The rules aren't the same. If investors have a problem with his Bahamas fued it costs him. If investors have a problem with this guys partying then it's also Louis's problem. Moore capital (and by that I mean Louis bacon) probably doesn't want their name associated with this story. Moore capital (and I mean everyone else but Louis bacon) probably doesn't want to be associated with the Bahamas fued but they don't get a vote.

The guy in question will probably end up fine. In six months the story will be done and he will end up at Caxton or citadel or some other top tier firm.
 
Agree with most points and upon further reflection I believe a reason for his quick dismissal could have been under performance. I don't know of course not is it important to me.

newwurldmn said:
You have worked on the street. You know how it works. Why is this surprising?

Louis bacon owns the firm. The rules aren't the same. If investors have a problem with his Bahamas fued it costs him. If investors have a problem with this guys partying then it's also Louis's problem. Moore capital (and by that I mean Louis bacon) probably doesn't want their name associated with this story. Moore capital (and I mean everyone else but Louis bacon) probably doesn't want to be associated with the Bahamas fued but they don't get a vote.

The guy in question will probably end up fine. In six months the story will be done and he will end up at Caxton or citadel or some other top tier firm.
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dealmaker said:
Moore Capital PM Fired After Raucous Hamptons Party
Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management has been fired after a Wolf of Wall Street-style pool party he threw last weekend allegedly trashed a rented $20 million home in the Hamptons.

Brett Barna reportedly rented the home through online portal AirBnB under the premise he would be holding a “50-person fundraiser for an animal charity”, according to a MarketWatch article citing the unidentified owners of the 14-bedroom house in Sag Harbor.

In the event, more than 1,000 people attended the party, nicknamed Sprayathon, and which has been described as being “awash with champagne” and replete with “scores of bikini-clad women and costumed gun-toting midgets.”

Multiple media outlets have reported that the owners were threatening a $1 million lawsuit against Barna, although the status of those plans could not be ascertained.

“Mr. [Brett] Barna’s personal judgment was inconsistent with the firm’s values,” Moore Capital said in a terse statement issued on Thursday, “He is no longer employed by Moore Capital Management.”

Barna joined the hedge fund manager in 2009 after stints at Perry Capital and Lazard, according to his LinkedIn profile.

from FINALTERNATIVES
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The dot com and housing bubble days are back again....
 
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